Legal Question in Wills and Trusts in South Carolina

Full Interest vs. Life Estate

What is the difference between the term ''full interest'' and ''life estate'' whithin the language of a last will and testiment. Also, do these terms apply only to real estate or to all assets.


Asked on 7/01/04, 1:01 pm

1 Answer from Attorneys
Charles W. Field Charles W. Field, Attorney at Law

Re: Full Interest vs. Life Estate

"Full interest" means "all the interest the testator owned". So, if he/she left a full interest in property and owned it outright, he conveys full interest. A "life estate" is the right of a person to property until he/she dies. Both can apply to personal property or real estate.

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Answered on 7/01/04, 2:29 pm


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