单词
life estate
释义
life estatenoun[C]LAW,PROPERTYuk
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us
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thelegalrightto own andcontrolaproperty, such as abuildingorpieceofland, for thelengthoftimethat you arealive:Thelifeestatedeedallowstheoldercoupleto own thehousefor therestoftheirlives.Comparefreeholdnounleaseholdnoun(Definition oflife estatefrom theCambridge Business English Dictionary? Cambridge University Press)
Examplesoflife estate
life estateAlifeestatecan avoid probate and ensure that an intended heir will receive title to real property.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.This can be a living trust, also called an inter vivos trust, in combination with a maritallifeestate.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.The owner of alifeestateis called a life tenant.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.The right to ownership of the property after the death of thelifeestateowner is called the "remainder estate".FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.The owner of thelifeestatewill retain ownership of the property during the devisee's life, and may freely alienate this interest.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.A can alienate his rights in the property, but only to the extent that those rights were granted him (i.e., as alifeestate).FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Minerals may be possessed as alifeestate, which does not permit a person to sell them, but merely that they own the minerals so long as they live.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Once the lesser estate comes to an end (the lease expires or thelifeestatetenant dies), the property automatically reverts (hence reversion) back to the grantor.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.In contrast, the wife of a substantive peer is legally entitled to the privileges of peerage: she is said to have alifeestatein her husband's dignity.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Others continued to function as inholdings under alifeestatein which their former owners could continue to use and occupy the property until their death.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.#https://dictionary.cambridge.org//dictionary/english/life-estate##