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LSDefine

Simple English definitions for legal terms

life tenant

Read a random definition: amittere legem terrae

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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15:33
can we see ur mod badge?
15:41
just for u sweetie pie
15:43
woah so much swagger with dat 'm;
Dkk
15:47
@shaquilleoatmeal: more like, blow my back out by the bay boston instead of back bay boston.
Dkk
15:48
Indeed, the legendary man himself.
15:49
I would go to blow my back out by the bay boston
15:50
lift with ur back not your legs, its better to have a blown back than two bad legs
CynicalOops
15:53
Blow and back day out by boston bay
15:59
so true
Dkk
16:03
Of course. Man sad Ricky Henderson died. That was my favorite athlete of all time.
windyMagician
16:10
is it dumb that I rlly want to go to Mich even tho I have a full ride to umn
16:12
no-value as a consumer often means more than the price
Dkk
16:15
@windyMagician: Nah michigan is better than UMN
Dkk
16:15
My sister just officially graduated, yay!
16:16
awesome @Dkks sister
16:16
prolly named veronica or sarah
windyMagician
16:16
@Dkk: for public defense tho?
windyMagician
16:16
Sarah in the bathroom
texaslawhopefully
16:17
@windyMagician: not at all. Michigan is also very generous with aid, so if you get enough it makes perfect sense to take it.
windyMagician
16:17
fuck okay
windyMagician
16:17
going to my dream school is crazy
michigan also has better options if you do PD for 10 years then want to do something else
windyMagician
16:19
also would love to clerk for my federal district court even tho I know its hella competitive, I think mich sets me up better?
16:20
would be a great point to bring up when ur deciding / visiting each place- see what recent placement looks like
texaslawhopefully
16:23
For fed clerkships by far Michigan places better. I think it’s like 14-15 percent
windyMagician
16:25
sticker debt is high-key scary tho
texaslawhopefully
16:26
I’m sure you’ll get good merit aid though. Look at Michigan’s 509 report. They’re very generous.
16:34
i am going to wait patiently into january to get into a law school
16:34
then i will start tweaking
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