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life estate

   Also found in: Legal, Financial, Wikipedia 0.06 sec.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.life estate - (law) an estate whose duration is limited to the life of the person holding it
estate for life
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


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But a terminable interest, such as a life estate in a trust created by someone other than the person receiving it, generally does not qualify.
Guarding marital deductions by Pulliam, Darlene / Journal of Accountancy
121 Apply to the Sale of a Life Estate in One's Primary Personal Residence?
Practical tax tips: pension plans, "trading" partnerships, reviewing ... by Williams, Leonard W. / California CPA
The injuries -- if any, and we dispute there were any -- would be to the (California Insurance) Commission, which has exclusive standing to represent the interests of the Executive Life estate," said Credit Lyonnais defense counsel Randolph Fishburn.
Decision Near in Executive Life Criminal Case by Stremfel, Michael / Los Angeles Business Journal
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