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. | ||
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Revision as of 23:38, 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.