Examples of Life estate in a sentence
Life estate" means the right to property limited to the lifetime of the individual holding it or the lifetime of some other individual.
Life estate" means an estate whose duration is limited to the life of the party holding it or of some other person.
Life estate means a legal arrangement entitling the owner of the life estate (sometimes referred to as the “life tenant”) to possess, rent, and otherwise profit from real or personal property during their lifetime.
No. Life estate and joint tenancy interests are not purchasable interests under the Buy-Back Program.
Owner placing lot in trust ownership where beneficiaries are immediate family members, including subsequent deed transfers to or between named beneficiaries.2. Addition or removal of immediate family members to/from deed with owner.3. Transfers to immediate family members by way of probate or estate administration proceedings.4. Life estate deeds where remaining interest has passed to immediate family members.5. Transfer to immediate family members where genuine sale has not occurred.