Dictionary.com
Thesaurus.com

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

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Your husband’s three children could, it’s true, make it difficult for you if the life estate is not suitably specific.

From MarketWatch

Your stepson is estranged from your father and may even be unhappy with your being given a life estate in his father’s home.

From MarketWatch

You could create a “life estate” or “right of occupancy” deed.

From MarketWatch

‘He plans to leave me a life estate in the condo and the ability to receive rent from his properties’

From MarketWatch

Or, you and your spouse might get a life estate.

From Washington Post