life estate
Definition
Freehold estate for the life of a beneficiary (or tenant) that terminates on his or her death. Since, it is not a legal estate but only an equitable interest, the beneficiary has all rights except the right to sell the property.
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life estate is in the Corporate, Commercial, & General Law and Real Estate & Buildings subjects.
life estate appears in the definitions of the following terms: limited owner and life tenant
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