Waht is a ‘life estate’?

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Asked on January 21, 2018 under Real Estate Law, Alaska

Answers:

M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney

Answered 3 years ago | Contributor

A life estate is an interest in propety that is given to someone (known as the "life tenant") but for only until their death; at such time it transfers to another who has been given legal title (known as the "remainderman"). Here is a link to an article that will explian further: https://real-estate-law.freeadvice.com/real-estate-law/real-estate-law/life-estate.htm


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