What is Life estate?
An estate in real property whose duration is limited to the life of the party holding the life estate, or of some other person. On the death of the life tenant, the property will go to the holder of the remainder interest or to the grantor by reversion.
Related Real Property Terms
Pass the Bar, Guaranteed
BarPrepHero Premium offers the most complete collection of real bar exam questions licensed directly from NCBE (the organization that writes the exam).