life estate उदाहरण वाक्य

However, upon the death of the devisee the life estate will terminate and ownership of the real-property will fully vest in the holder of the reversion.
Other debts still troubled Wycherley, however, and he never was released from his embarrassments, not even after succeeding to a life estate in the family property.
The use of a life estate, however, could result in a reduction of capital gains taxes that may be due upon the ultimate sale of the property.
Sealaska shareholders will vote on June 23, 2007 whether to enroll qualified descendants of original shareholders by issuing them 100 shares of life estate stock in Sealaska.
As the owner of a legal interest, in the US, further embedded or legal interests consistent with the form of ownership can be created from life estates.

One form of life interest is a life estate, an ownership interest in property that lasts for the life of the party to whom it has been granted.
They pay all the taxes and the property is in the name of the person with the life estate and they also pay the maintence and all assessments.
The elder Willing claimed that Mary Ann Willing only possessed a life estate on her husband's property and could not have legally provided a warranty deed to Reavis.
A life estate is the right to use, possess and enjoy the property for a period of time measured by the natural life of a person or persons.
Under an arrangement known as a " life estate, " the home would have remained under her control until after her death, when her children would have taken title.