Legal Question in Real Estate Law in New York
Life Estate
What is the diffinition of Life Estate
Asked on 1/22/09, 5:10 am
1 Answer from Attorneys
Michael Markowitz
Michael A. Markowitz, PC
Re: Life Estate
Simply put, a life estate is when someone has the right to use property during his or her lifetime, and upon death use of the property reverts to the title owner.
Mike.
Answered on 1/22/09, 8:19 am
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