What Are the Types of Legal Life Estates
You can create a life estate by will trust or deed. But although the specific meanings of estate interest and fee seemed clear to my students and they realized that salvando las distancias life estate might be considered somewhat similar to usufructo vitalicio they still struggled to understand the three traditional life estates. Organization Chart Showing The Relationships Of The Various Types Of Estates In Land Real Estate Classes Law School Life Estate Some life estates are created by operation of law and are known as legal life estates. . This life estate protects the wifes interest. Remainder interest and estate pur autre vie. 1 The most complete form of ownership of real property. In common law and statutory law a life estate or life tenancy is the ownership of immovable property for the duration of a persons life. A conventional life estate is an estate created by deed or will. Placing these in a. T...