estate for life

estate for life
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Burton's Legal Thesaurus. . 2006


estate for life
USA
life estate, Also known as an estate for life.
In a real estate context, an interest in real property that terminates once a person expressly identified in a life estate agreement dies. Life estates are measured either by the life of the property recipient or by the life of some other person.
The owner of the life estate is known as a life tenant. When the life tenant dies, the real property in the life estate is usually transferred to the remainderman who is also typically named in the life estate agreement.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • estate for life — noun (law) an estate whose duration is limited to the life of the person holding it • Syn: ↑life estate • Topics: ↑law, ↑jurisprudence • Hypernyms: ↑estate • …   Useful english dictionary

  • estate for life — noun A life estate …   Wiktionary

  • tenant for life — a person entitled under a trust to the use of or income from property for the duration of his life. Collins dictionary of law. W. J. Stewart. 2001. tenant for life …   Law dictionary

  • life estate — see estate 1 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. life estate …   Law dictionary

  • estate — es·tate /i stāt/ n [Anglo French estat, literally, state, condition, from Old French, from Latin status, from stare to stand] 1: the interest of a particular degree, nature, quality, or extent that one has in land or other property compare fee;… …   Law dictionary

  • Estate — Es*tate ([e^]s*t[=a]t ), n. [OF. estat, F. [ e]tat, L. status, fr. stare to stand. See {Stand}, and cf. {State}.] 1. Settled condition or form of existence; state; condition or circumstances of life or of any person; situation. When I came to man …   The Collaborative International Dictionary of English

  • Trees for Life (Scotland) — Infobox Company company name = Trees for Life company company type = Conservation charity foundation = 1981 location = The Park, Findhorn Bay, Forres, Scotland, United Kingdom key people = Hayley Mills,Muriel Gray, patrons Alan Watson… …   Wikipedia

  • tenancy for life — See life estate; life tenant …   Ballentine's law dictionary

  • tenancy for life — noun A life estate …   Wiktionary

  • estate — The degree, quantity, nature, and extent of interest which a person has in real and personal property. An estate in lands, tenements, and hereditaments signifies such interest as the tenant has therein. 2 Bl.Comm. 103. The condition or… …   Black's law dictionary

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