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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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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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