Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

life-care contract

Read a random definition: lay system

A quick definition of life-care contract:

A life-care contract is an agreement between two parties where one person gives property to the other person in exchange for guaranteed care and support for the rest of their life. It's like making a deal to take care of someone in exchange for something they own.

A more thorough explanation:

A life-care contract is an agreement between two parties where one party transfers their property to the other party in exchange for guaranteed care and maintenance for the rest of their life. This type of contract is often used by elderly individuals who want to ensure they will be taken care of in their later years.

An elderly woman transfers ownership of her home to a retirement community in exchange for guaranteed care and maintenance for the rest of her life. This means that the retirement community will provide her with housing, meals, medical care, and other services for as long as she lives.

Another example could be a person transferring ownership of their property to a family member or caregiver in exchange for guaranteed care and support for the rest of their life.

These examples illustrate how a life-care contract works by showing how one party transfers ownership of their property in exchange for guaranteed care and support for the rest of their life.

life annuity | life-hold

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
LSD+ is ad-free, with DMs, discounts, case briefs & more.