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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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In return, he says he will give you $400,000, a $140,000 car and a life estate in his home.

From MarketWatch Apr. 7, 2026

A will cannot override a previously recorded life estate, since the decedent no longer holds full ownership of the property at the time of death.

From MarketWatch Mar. 3, 2026

For example, assuming that a life estate is properly structured, the children who are set to inherit the property generally cannot force a sale while the life tenant is still living there.

From MarketWatch Mar. 3, 2026

A life estate or contractual right to occupy the property may affect whether the home is counted as an available asset and how it is treated financially.

From MarketWatch Mar. 3, 2026

He raised the needed money from usurers by giving them a mortgage on his own life estate in Lone itself.

From The Lost Lady of Lone by Southworth, Emma Dorothy Eliza Nevitte

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