Dear Mr. Premack: My husband left a Will that said, “To my wife, I devise and bequeath a life estate in my home”. It gave all the rest of his estate to his three children from his first marriage. He named me as Executor of the estate. My questions: What do I have the right to do? Can I have a garage sale for income to help pay his debts? Who pays the insurance, taxes and upkeep on the house? In whose name will title to the home be held? I am over 65. I still get the 65 discou

Dear Mr. Premack: My elderly parents, who have been living solely on Social Security payments, are about to get $500,000 in bonus from an oil and gas lease. I had always thought that Medicaid in the nursing home would be no problem for them because they had no assets but their home and no income but Social Security. What is the best way to plan for expenditure of this money? I want them to save it all for possible nursing home. They could each live another 5-10 years and at t