Life Estate

Life Estate - A Life Estate is a form of property ownership where an individual holds the rights to use, occupy, and benefit from a property for the duration of their life. Upon the individual's death, ownership of the property reverts back to the original owner or a designated remainderman, as stipulated in the life estate agreement

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Life Estate
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Definition and Examples

Definition
A Life Estate is a form of property ownership where an individual holds the rights to use, occupy, and benefit from a property for the duration of their life. Upon the individual's death, ownership of the property reverts back to the original owner or a designated remainderman, as stipulated in the life estate agreement
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