life estate

An estate held only for the duration of a specified person’s life, usu. the possessor’s.

• Most life estates — created, for example, by a grant “to Jane for life” — are beneficial interests under trusts, the corpus often being personal property, not real property.

— Also termed estate for life; legal life estate; life tenancy. See LIFE TENANT. [Cases: Life Estates 1. C.J.S. Estates §§ 28–29, 31, 34.]

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词条贡献者

资深译员Betty，毕业于亚洲一流的高级翻译学院，专注翻译各种与商业移民有关的法律文件。