life estate

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life estate

n
(Law) property that may be held only for the extent of the holder's lifetime
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.life estate - (law) an estate whose duration is limited to the life of the person holding it
law, jurisprudence - the collection of rules imposed by authority; "civilization presupposes respect for the law"; "the great problem for jurisprudence to allow freedom while enforcing order"
estate - everything you own; all of your assets (whether real property or personal property) and liabilities
dower - a life estate to which a wife is entitled on the death of her husband
References in periodicals archive ?
The income would be paid to the life tenant for life and upon death, the principal would pass to the remaindermen.
Several thousand units had been kept vacant and out of the housing market because under an earlier law, once a tenant came in, they became a tenant for life.
As we have seen, the typical players in an action for waste are a tenant for life (or some other limited period of time) and the person entitled to the reversion or remainder, that is, the residual interest after the "particular" estate comes to an end.