life estate

The state has said it will honor the life estates.

Life estate, interest in real property that ends at death.

Obviously, the life estate to T's children is valid as they are the measuring lives.

Person A has a present life estate to three acres of land with a beautiful forest and his family's historic home.

He left a life estate to Joseph, with the remainder to the two grandchildren then alive.

This is a construction of leases, life estates, and statutes.

The owner of a life estate is called a "life tenant".

The property is privately held under a life estate by a Carnegie descendant.

Later, he bought his sister-in-law's life estate and became owner of the property.

A is subject to the rules regarding divestiture of a life estate, as noted above.

It remains in the Frew family as a life estate inholding.

The life estate to T's grandchildren is also valid.

Many jurisdictions retain the possibility of creating a life estate, although this is uncommon.

Generally speaking, she added, roughly the same amount of taxes will ultimately be paid whether or not a life estate is used.

Al keeps a life estate and Bill receives a vested fee simple remainder.

This is called a "life estate" and terminates immediately upon the surviving spouse's death.

Some donors have a life estate agreement, retaining the use of their property during their lives.

He's also planning to convey her most of his property outright, leaving only a life estate in himself."

Rather, such language may be construed to convey to the tenant a life estate or even a fee simple.

If a 75-year-old transfers title to a $600,000 home and retains a life estate, for example, Medicaid would value the transfer at $287,106.

The life estate was terminated, and the property reverted to the Park Service.

The couple would deed the property to the charity but reserve an unrestricted life estate so they could continue to live in their home.

In the context of a will, a testator may devise a simple life estate to a devisee.

In the United States, a life estate is typically used as a tool of an estate planning.

There was a provision in the trust that provided a life estate for Mrs. Bean.