equitable life estate

equitable life estate. An interest in real or personal property that lasts for the life of the holder of the estate and that is equitable as opposed to legal in its creation. • An example is a life estate held by a trust beneficiary. [Cases: Life Estates 21. C.J.S. Estates §§ 138–147, 150.]

---

词条贡献者

法律翻译Iris，毕业于一所旨在培养高级翻译专业人才的翻译院校，专注翻译各类与资本市场有关的法律文件。