life estate (Meaning)
Wordnet
life estate (n)
(law) an estate whose duration is limited to the life of the person holding it
Synonyms & Antonyms of life estate
No Synonyms and anytonyms found
life estate Sentence Examples
- The elderly couple granted their son a life estate in their home.
- The life estate holder has the right to enjoy and occupy the property for the rest of their life.
- Upon the life estate holder's death, ownership of the property reverts to the remainderman.
- A life estate can be created through a will, a deed, or an express agreement.
- The life estate holder cannot sell or mortgage the property without the consent of the remainderman.
- If a life estate holder damages the property, they may be liable for the repairs.
- The life estate holder is responsible for paying property taxes and insurance.
- A life estate can be terminated prematurely by agreement of the parties or by court order.
- A life estate can be a valuable tool for estate planning.
- Life estates are often used to provide a temporary residence for a surviving spouse or other beneficiary.
FAQs About the word life estate
(law) an estate whose duration is limited to the life of the person holding it
No synonyms found.
No antonyms found.
The elderly couple granted their son a life estate in their home.
The life estate holder has the right to enjoy and occupy the property for the rest of their life.
Upon the life estate holder's death, ownership of the property reverts to the remainderman.
A life estate can be created through a will, a deed, or an express agreement.
