Life Estate

Learn about the definition for this legal term.

What is Life Estate?

In common law and statutory law, a life estate is the ownership of land for the duration of a person's life. In legal terms, it is an estate in real property that ends at death when ownership of the property may revert to the original owner, or it may pass to another person.

Further Reading

For more detailed information, see our related Wills Trusts And Estates terms:

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