Estate For Life (Noun)
Meaning
(law) an estate whose duration is limited to the life of the person holding it.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The testator bequeathed an estate for life to her husband, ensuring he could live in the family home until his death.
- As part of the divorce settlement, the wife was granted an estate for life in the marital home, giving her the right to reside there until her death.
- The donor conveyed an estate for life to the beneficiary, who was free to use and enjoy the property during his lifetime.
- In the will, the grantor specified that the recipient would receive an estate for life in the real property, but only as long as they did not remarry.
- Under the terms of the trust, the trustee was required to hold the assets for the benefit of the settlor, who retained an estate for life in the trust property.