# Life Estate

**IRI:** https://folio.openlegalstandard.org/RDX5p4uoAPpgs9Kpcvu7IoE

## Labels

## 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

## Sub Class Of

- https://folio.openlegalstandard.org/R8cjnXHiv1wNe6nzPvWnhQw

**Deprecated:** False