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LSDefine

Simple English definitions for legal terms

life estate

Read a random definition: capitalis custos

A quick definition of life estate:

A life estate is when someone has the right to use a piece of land for their whole life, but they can't give it to anyone in their will because their right to the land ends when they die. They can use the land and even sell their right to someone else, but they can't do anything that would damage the land for the next person who will use it. A life estate is created by a special paper that says who gets the land after the person with the life estate dies.

A more thorough explanation:

A life estate is a type of property ownership that lasts only for the lifetime of the holder. This means that the holder of a life estate cannot leave the property to anyone in their will because their interest in the property ends when they die.

The holder of a life estate has the right to possess the property and transfer their interest during their lifetime, but they must not engage in any activity that would prevent the next person in line from using the property fully. This is called "waste."

A life estate is created by a deed that gives the property to the person "for life" and identifies what should happen to it after that person dies. For example, a deed stating that a house would go "to John Doe for life, then to Jane Doe" gives John a valid life estate, and Jane a remainder. John can use the house during his lifetime and even sell his interest to a third party, but that third party would have to surrender the property to Jane upon John's death.

Another example of a life estate is when a parent gives their child the right to live in their house for the rest of their life, but the house will go to another family member after the child dies.

These examples illustrate how a life estate works by showing that the holder of a life estate has the right to use and enjoy the property during their lifetime, but they cannot leave it to anyone in their will because their interest in the property ends when they die.

life beneficiary | life estate pur autre vie

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HopefullyInLawSchool
16:03
@UnderRepresentedTryhard: Yes only for YM applicants tho
RoaldDahl
16:05
dodged the mich r wave what does this mean
HopefullyInLawSchool
16:06
it means you will not be rejected today and may be accepted or WL in the future
Just got my Michigan rejection
BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
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