Difference between revisions of "Life estate"
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| − | A '''life estate''' is the legal [[right]] of a person to occupy certain real [[property]] until their death, at which time the right to occupy the property will pass to another. A life estate may be granted as a "future interest" in real property. | + | A '''life estate''' is the legal [[right]] of a person to occupy certain real [[property]] until their death, at which time the right to occupy the property will pass to another. A life estate may be granted as a "[[future interest]]" in real property. |
[[Category:Real estate]] | [[Category:Real estate]] | ||
[[Category:Law]] | [[Category:Law]] | ||
Revision as of 22:07, February 16, 2009
A life estate is the legal right of a person to occupy certain real property until their death, at which time the right to occupy the property will pass to another. A life estate may be granted as a "future interest" in real property.