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LSDefine

Simple English definitions for legal terms

life tenant

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A quick definition of life tenant:

A life tenant is someone who has the right to use and benefit from a property for as long as they live or for the life of another person. They can rent or sell their interest in the property, but they cannot sell the property outright. When the life tenant dies, the property goes to the remainderman. The remainderman is the person who will own the property after the life tenant dies.

A more thorough explanation:

A life tenant is a person who has a limited interest in an estate or property that lasts only for their lifetime or the lifetime of another person. This means that they have the right to use and enjoy the property during their lifetime, but they cannot sell or transfer the property to someone else in a way that would extend beyond their lifetime.

For example, if John owns a house and grants a life estate to his son, Tom, then Tom has the right to live in the house and use it during his lifetime. However, he cannot sell the house to someone else or leave it to his heirs when he dies. When Tom dies, the property will pass to the remainderman, who is the person designated by John to inherit the property after Tom's death.

It's important to note that a life tenant can sell or rent their interest in the property, but only for the duration of their lifetime. For example, Tom could rent out the house to someone else, but the lease would end when Tom dies and the property passes to the remainderman.

Overall, a life tenant has a limited interest in a property that lasts only for their lifetime or the lifetime of another person. They have the right to use and enjoy the property during their lifetime, but they cannot sell or transfer the property to someone else in a way that would extend beyond their lifetime.

life insurance trust | life without possibility of parole

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CTB is it i think
22:37
is collegetown pizza not open
22:37
i used to get a slice from there or wings over at like 1am after my shift at the restaurant
Dkk
22:48
Ross Ulbricht free. God Bless Trump. Huge win.
JeremyFragrance
22:54
agreed
texaslawhopefully
22:55
This is an interesting read: https://thedispatch.com/article/birthright-citizenship-trump-implications/
Dkk
23:01
I mean, idk how it's possible to end birth right citizenship without amending the constitution because to me the 14th amendment is pretty clear about it.
ross ulbricht tried to hire a hitman to kill 5 people
i am not that sympathetic to him
Dkk
23:04
@KnowledgeableRitzyWasp: That might have been an FBI agent. It was most likely him and he was most likely doing it to retrieve stolen funds that corrupt FBI agents stole, but yeah moral gray area but me personally, cool with hitmen. It's not like it is uncommon to hire hitmen. I don't think the action itself is necessarily wrong but the intent behind it can be.
Dkk
23:05
Like, Boeing whistblowers being killed by hitmen = wrong but a guy hiring hitmen to retrieve stolen funds = good to me.
texaslawhopefully
23:05
@Dkk: Yeah, for sure. My guess is it'll go to SCOTUS and it'll be 8-1 or 7-2, saying that EO was unconstitutional.
Dkk
23:06
Indeed. I need a count for how many exectuive orders he has signed and how many already have pending lawsuits.
i've been away for a while what were the most recent waves? any this week?
lilypadfrog
8:12
hi shawties
lilypadfrog
8:16
who’s getting into a law school today raise your hand
jackfrost11770
8:28
I sure hope so at this point
lilypadfrog
8:28
woooo
lilypadfrog
8:28
jackfrost for law school
jackfrost11770
8:29
LILYPADFROG FOR LAW SCHOOL
jackfrost11770
8:29
I really just love how now there's an executive order that says I don't exist as a person
jackfrost11770
8:29
Do I not have to pay taxes now? Loans? What now
lilypadfrog
8:34
you should probably assume this means your law school will be free
GreyCeaselessMammoth
8:34
i love that there's an executive order that we're all female now
jackfrost11770
8:38
I think so yeah. I think I don't have to pay for anything anymore
Trismegistus
8:40
can someone release today my god
lilypadfrog
8:41
i’m boutta release
sounding like that one guy in here who kept saying he was cumming
Dkk
8:43
Was that me cus I just released.
lilypadfrog
8:44
Wahoowa
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