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life estate

British  

noun

  1. property that may be held only for the extent of the holder's lifetime

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

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“But if mom or dad has to go to a nursing home, that life estate has value,” Letsch said.

From MarketWatch Aug. 25, 2026

Another interesting option currently being marketed by a U.S.-based company is being branded as a “lifestyle agreement,” a type of life estate.

From MarketWatch Aug. 25, 2026

A life estate does not always run smoothly.

From MarketWatch Jul. 22, 2026

He will also leave me a life estate in our home.

From MarketWatch Apr. 7, 2026

Often, the life estate is owned by one person, and the remainder by a stranger, or remote branch of the family, whom the life-tenant has no desire to benefit.

From Farm drainage The Principles, Processes, and Effects of Draining Land with Stones, Wood, Plows, and Open Ditches, and Especially with Tiles by Henry F. (Henry Flagg) French

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