In 2003, Mrs. Smith revised her Will to distribute her entire estate equally to her children at her death. She nominated her son as Executor, as well as Health Care Agent and Power of Attorney. She nominated her daughter as alternate for each of these fiduciary positions. In order to avoid probate, she transferred legal title of her Loudonville residence by deed to her children, but retained a life estate, i.e., exclusive legal possession of the residence for life.