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Life estate information


In common law and statutory law, a life estate (or life tenancy) is the ownership of immovable property for the duration of a person's life. In legal terms, it is an estate in real property that ends at death, when the property rights may revert to the original owner or to another person. The owner of a life estate is called a "life tenant". The person who will take over the rights upon death is said to have a "remainder" interest and is known as a "remainderman".

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Life estate

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law, a life estate (or life tenancy) is the ownership of immovable property for the duration of a person's life. In legal terms, it is an estate in real...

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Fee simple

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intention to transfer a smaller estate, such as a life estate. Many jurisdictions retain the possibility of creating a life estate, although this is uncommon...

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Real estate

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Real estate is property consisting of land and the buildings on it, along with its natural resources such as growing crops (e.g. timber), minerals or water...

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Marital life estate

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A marital life estate is, in the common law tradition of the United States and Great Britain, a life estate held by a living spouse (husband or wife)...

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Estate tax in the United States

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the payment of certain life insurance benefits or financial accounts. The estate tax is part of the federal unified gift and estate tax in the United States...

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Leasehold estate

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A leasehold estate is an ownership of a temporary right to hold land or property in which a lessee or a tenant has rights of real property by some form...

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Evergrande Group

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Guangdong Province, China. In 2018, Evergrande became the most valuable real estate company in the world, but by 2021 it had collapsed financially and started...

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Index of real estate articles

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This aims to be a complete list of the articles on real estate. Contents:  Top 0–9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 72-hour clause Abandonment...

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Concurrent estate

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In property law, a concurrent estate or co-tenancy is any of various ways in which property is owned by more than one person at a time. If more than one...

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Pur autre vie

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another['s] life") is a duration of a proprietary freehold interest in the form of a variant of a life estate. While it is similar to a standard life estate pur...

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Real property

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In English common law, real property, real estate, immovable property or, solely in the US and Canada, realty, refers to parcels of land and any associated...

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Mount Vernon

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It remained Washington's home for the rest of his life. Following his death in 1799, the estate progressively declined under the ownership of several...

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Estate in land

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executory limitation finite estate—limited to lifetimes life estate—fragmented possession and use for duration of someone's life fee tail—inalienable rights...

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Inheritance tax

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International tax law distinguishes between an estate tax and an inheritance tax. An inheritance tax is a tax paid by a person who inherits money or property...

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Usufruct

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not legal ownership. A usufruct is directly equatable to a common-law life estate except that a usufruct can be granted for a term shorter than the holder's...

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Rule against perpetuities

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gifts, or executory interests that followed an unidentified widow's life estate] would fail because of the possibility that the [identified party] would...

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Life interest

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the trust document. One form of life interest is a life estate, an ownership interest in property that lasts for the life of the party to whom it has been...

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Land tenure

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doctrine. Under common law, Life estate is an interest in real property that ends at death. The holder has the use of the land for life, but typically no ability...

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Defeasible estate

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subsequent. A life estate may also be defeasible. Because a defeasible estate always grants less than a full fee simple, a defeasible estate will always...

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Conveyancing

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no longer allow for such secrecy. In many civil law countries, the real estate transfers are usually supervised by notaries who, after a due diligence...

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Fee tail

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established by deed or settlement, that restricts the sale or inheritance of an estate in real property and prevents that property from being sold, devised by...

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Glensheen Historic Estate

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Glensheen, the Historic Congdon Estate is a 20,000 square foot mansion in Duluth, Minnesota, United States, operated by the University of Minnesota Duluth...

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Allodial title

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other Germanic laws. The word is a compound of *all "whole, full" and *ōd "estate, property" (cf. Old Saxon ōd, Old English ead, Old Norse auðr). Allodial...

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Life annuity

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annuitant's estate or beneficiary is entitled to collect the remaining payments certain. The tradeoff between the pure life annuity and the life-with-period-certain...

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Estate planning

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Estate planning is the process of anticipating and arranging for the management and disposal of a person's estate during the person's life in preparation...

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Estates of the realm

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The estates of the realm, or three estates, were the broad orders of social hierarchy used in Christendom (Christian Europe) from the Middle Ages to early...

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Biltmore Estate

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Biltmore Estate is a historic house museum and tourist attraction in Asheville, North Carolina. Biltmore House (or Biltmore Mansion), the main residence...

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