life estate — see estate 1 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. life estate … Law dictionary
Life estate — Life Life (l[imac]f), n.; pl. {Lives} (l[imac]vz). [AS. l[imac]f; akin to D. lijf body, G. leib body, MHG. l[imac]p life, body, OHG. l[imac]b life, Icel. l[imac]f, life, body, Sw. lif, Dan. liv, and E. live, v. [root]119. See {Live}, and cf.… … The Collaborative International Dictionary of English
life estate — ➔ estate * * * life estate UK US noun [C] LAW, PROPERTY ► the legal right to own and control a property, such as a building or piece of land, for the length of time that you are alive: »The life estate deed allows the older couple to own the… … Financial and business terms
life-estate — lifeˈ estateˈ noun An estate held during the life of the possessor • • • Main Entry: ↑life … Useful english dictionary
Life estate — A life estate is a concept used in common law and statutory law to designate the ownership of land for the duration of a person s life. In legal terms it is an estate in real property that ends at death. The owner of a life estate is called a… … Wikipedia
Life Estate — A type of estate that only lasts for the lifetime of the beneficiary. A life estate is a very restrictive type of estate that prevents the beneficiary from selling the property that produces the income before the beneficiary s death. But the… … Investment dictionary
life estate — noun An estate in land which is owned by a party only for the duration of the life of that party, and for which ownership will revert to another upon the death of that party. Syn: estate for life, life estate pur autre vie, life tenant, te … Wiktionary
life estate deed — A document used to convey title in real estate from one party to another but only upon the death of the grantor. A life estate allows the grantor the right to own or possess real estate until his or her death. Upon the life estate holder s death … Financial and business terms
life estate pur autre vie — noun An estate in land which is given by a grantor to a party only for the duration of the life of a third party, and for which ownership will revert to another upon the death of that third party. Example: Joe gives property to Mike for the life… … Wiktionary
life estate by operation of law — A life estate which comes into existence without any act of the parties, such as that which springs from curtesy or dower. 33 Am J1st Life Est § 2 … Ballentine's law dictionary
