Life Estate Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Life Estate, written in plain English, along with examples of how it is used.
What is Life Estate?
(n) Life Estate is the right to occupy, possess or otherwise use a property during one’s life time. The right in the property exists so as the right holder is alive. After his or her death it reverts to the title holder or the survivor mentioned in the deed of bestowing life estate.