This page is also continued from Property>>>> Interest >>>> Estate >>>> Equitable Estate:
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equitable life estate:
(1831)
1. An interest in real or personal property that lasts for the life of the holder of the estate and that is equitable as opposed to legal in its creation. * An example is a life estate held by a trust beneficiary. [1]
References:
Disclaimer: All material throughout this website is compiled in accordance with Fair Use.
[1]: Black’s Law Dictionary Deluxe Tenth Edition by Henry Campbell Black, Editor in Chief Bryan A. Garner. ISBN: 978-0-314-61300-4
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