Difference between revisions of "Life estate"
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(New page: 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 is...) |
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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 | + | 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. |
Revision as of 18:41, December 9, 2008
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.