life estate

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Related to Life tenancy: life tenant, life estate

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 Browns' links with the land stretch back to 1936 when grandfather Henry Ralph Brown was given a life tenancy by the Earl of Dartmouth.
"He was given a life tenancy. "I have a lot of happy memories of Forge Farm, it was a wonderful place to grow up.
Additionally, the company stated that although acquisitions were less during the period, those that have been made were of higher average value, with the exception of one outstanding life tenancy acquired during the six months ended 30 September 2015.
Usually, the transferee spouse's life tenancy in the marital trust(s) will fail to qualify for this exception, as the life estate is not required to be valued for purposes of calculating the transferor spouse's FET liability.
When the Allenwood property was purchased, there was a tenant in the house who had life tenancy. When the tenant died, the trust decided to sell the house and use the proceeds to buy more property.
In fact, it would be difficult to find an area of retirement village law that the author has not addressed, including the not-often canvassed area of life tenancy under residential tenancy agreements.
MUM-of three Theresa McNally is shocked by Mr Cameron's plan to end life tenancy.