n Personal Finance Newsletter - Usufructs - a good idea that can backfire : estate planning




A member of the congregation I serve as minister recently tried to pick my brain on a ''habitatio'' she was having difficulty trying to understand. Thinking at first she said ''haberdashery'', and about to tell her I knew nothing about sewing, I thought better of it and asked for clarification. All was revealed when she handed me a legal document headed ''Notarial Cession of Habitatio'', better known to tax practitioners and estate planners as a usufruct.


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