An interest in real or personal property that is limited in duration to the lifetime of its owner or some other designated person or persons.
Related information about life estate:
- Life estate - Wikipedia, the free encyclopedia
A life estate is a concept used in common law and statutory law to designate the ownership of land for the duration of a person's life. In legal terms it is an estate ...
- life estate - Legal Dictionary - The Free Dictionary
An estate whose duration is limited to the life of the party holding it, or some other person. life estate n. the right to use or occupy real property for one's life.
- What is a Life Estate? | The Probate Lawyer
What is a life estate? Discussion of life estates and the pros and cons of using them to avoid probate.
- Life Estates - Questions and Answers | LawHelpMN.org - Find Free ...
A.) The term "life estate" describes a kind of joint ownership of real estate, such as a house. ... When you have a life estate, you are called the "life tenant.
- Life Estate Q and A - FindLaw
Mar 26, 2008 ... What is a Life Estate?A life estate is an estate whose duration is limited to the life of an individual (usually the party holding the life.
- Life estate | LII / Legal Information Institute
An interest in land that lasts only for the life of the holder. Thus, the holder of a life estate cannot leave the land to anyone in their will, because their interest in the ...
- Life Estate
Jan 21, 2000 ... Have you ever heard of a life estate? What is it and how does it work? Can one of the two siblings to whom the property was left sell the home ...
- Life Estate: A Useful Estate Planning Tool - MSU Extension
organization, then a life estate might be just the tool you need. A life estAte is A leGAl ... A life estate is limited to the life of a specific person or persons (joint life ...