{"id":16407,"date":"2018-06-09T19:52:14","date_gmt":"2018-06-09T19:52:14","guid":{"rendered":"https:\/\/reunitethestates.org\/?page_id=16407"},"modified":"2018-06-13T12:26:26","modified_gmt":"2018-06-13T12:26:26","slug":"life-estate-held-only-for-the-duration-of-a-specified-persons-life-usually-the-possessors","status":"publish","type":"page","link":"https:\/\/reunitethestates.org\/?page_id=16407","title":{"rendered":"life estate (tenancy) – held only for the duration of a\u00a0specified\u00a0person\u2019s life, usually the possessor\u2019s"},"content":{"rendered":"

\u00a0 \u00a0 \u00a0This page is continued from\u00a0Property<\/a> >>>>\u00a0Interest<\/a>\u00a0>>>> Estate<\/a>\u00a0>>>> Estates in Land<\/a>\u00a0>>>> Freehold Estate (Interest)<\/a>:<\/strong><\/span><\/p>\n

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life estate<\/span>:<\/strong><\/span>
\n(18c)<\/span><\/p>\n

1. An estate held only for the duration of a\u00a0<\/span>specified<\/span>\u00a0person\u2019s life, usually the possessor\u2019s.\u00a0 *\u00a0 Most life estates\u00a0created, for example, by a grant \u201cto lane for life\u201d are beneficial interests under trusts, the corpus often being <\/span><\/span>personal property<\/a>, not real property.<\/span><\/span><\/strong> \u2014 aka estate for life<\/span><\/em><\/strong>; legal life estate<\/span><\/strong><\/em>; life tenancy<\/span><\/strong><\/em>. \u00a0See LIFE TENANT<\/strong><\/span>. [1]<\/span><\/span><\/p>\n

1. An estate to be held by grantee or devisee for the term of his own life, or for that of another person, or for more lives than one. 28 Am J2d Est\u00a0\u00a7 56;<\/span> 33 Am J1st Life Est\u00a0\u00a7 2<\/span>.<\/span><\/strong><\/p>\n

An estate of freehold, not of\u00a0<\/span>inheritance<\/span>. <\/span><\/span>28 Am J2d Est\u00a0\u00a7 56<\/span>.<\/span><\/span><\/strong><\/p>\n

A life estate in land is real estate. Crossdale v Butell<\/em>, 177 kan 487, 280 P2d 593, 49 ALR2d 1112<\/span>.<\/span><\/strong><\/p>\n

Under the modern law, a life estate and future interest, usually by way of\u00a0<\/span>remainder<\/span>, may be created in personal property.\u00a0<\/span><\/span>33 Am J1st Life Est\u00a0\u00a7 5<\/span>.<\/span><\/span><\/strong> [2]<\/span><\/span><\/p>\n

1. An estate that exists as long as the person who owns ore holds it is alive. \u00a0its duration may also be the lifetime of another person (EXAMPLE: “to Sarah so long as Sam shall live”).<\/strong> [3]<\/span><\/p>\n

life tenancy<\/span>:<\/span><\/strong><\/p>\n

1. See life estate<\/strong><\/em><\/span>.<\/span><\/p>\n

1. <\/strong>See\u00a0life estate<\/strong><\/span>; life tenant<\/strong><\/span>.\u00a0 <\/em>[2]<\/span><\/p>\n

1. A life estate.<\/strong> [3]<\/span><\/p>\n

life tenant<\/span>:<\/span><\/strong>
\n(16)<\/span><\/p>\n

1. Someone who, until death, is beneficially entitled to property; the holder of a life estate.\u00a0<\/strong>\u2014 aka tenant for life<\/strong>; life-owner<\/strong>.\u00a0[1]<\/span><\/p>\n

1. A person who has a life estate, such interest giving him the status of a freeholder. 28 Am J2d Est\u00a0\u00a7 56<\/span>.<\/strong> [2]<\/span><\/p>\n

1. A person who holds a life estate.<\/strong> [3]<\/span><\/p>\n

Types of Life Tenants:<\/span><\/strong><\/span><\/p>\n

equitable life tenant<\/span> –<\/strong> (1880) A life tenant not automatically entitled to possession but who makes an election allowed by law to a person of that status\u00a0\u2014 such as a spouse\u00a0\u2014 and to whom a court will normally grant possession if security or an undertaking is given.<\/strong><\/span><\/p>\n

legal life estate<\/span> –<\/strong> (1886) A life tenant who is automatically entitled to possession by virtue of a legal estate.<\/strong> [1]<\/span><\/p>\n

References:<\/span><\/span><\/strong><\/p>\n

Disclaimer:<\/span><\/span><\/strong> All material throughout this website is compiled in accordance with Fair Use<\/a>.<\/span><\/strong><\/p>\n

[1]: Black’s Law Dictionary <\/a><\/span><\/strong>Deluxe<\/b><\/span><\/a><\/em> Tenth<\/b><\/span><\/a><\/em> Edition<\/b><\/span><\/a><\/em> by Henry Campbell Black, Editor in Chief Bryan A. Garner. ISBN: 978-0-314-61300-4 <\/span><\/strong><\/p>\n

[2]: Ballantine\u2019s Law <\/a><\/span><\/strong>Dictionary\u00a0<\/b><\/span><\/a><\/strong>with<\/b><\/span><\/a><\/em> Pronunciations<\/b><\/span><\/a><\/em> Third Edition<\/a>\u00a0by James A. Ballantine\u00a0<\/span><\/strong>(James Arthur 1871-1949).\u00a0\u00a0<\/span><\/em>Edited by William S. Anderson.\u00a0\u00a0\u00a9 1969 by THE LAWYER\u2019S CO-OPERATIVE PUBLISHING COMPANY.\u00a0 Library of Congress Catalog Card No. 68-30931<\/span><\/strong><\/p>\n

[3]:\u00a0\u00a0Ballantine\u2019s Law Dictionary <\/a><\/span><\/strong>Legal<\/b><\/span><\/a><\/em> Assistant<\/b><\/span><\/a><\/em> Edition<\/b><\/span><\/a><\/em>
\nby Jack Ballantine\u00a0<\/span><\/strong>(James Arthur 1871-1949).\u00a0\u00a0<\/span><\/em>Doctored<\/span><\/a><\/strong>\u00a0<\/span><\/em>by\u00a0Jack G. Handler,\u00a0J.D.<\/a>\u00a0\u00a9 1994 Delmar by Thomson Learning.\u00a0 ISBN 0-8273-4874-6.<\/span><\/strong><\/p>\n

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