life estate : Definition, Usages, News and More
- n (law) an estate whose duration is limited to the life of the person holding it
News & Articles
- Clock is ticking for last Apostle Islands lifers
When the Apostle Islands were turned into a national park, a small number of property owners chose a life estate — allowing them to stay tax-free until they died. Seven owners remain.
Aug. 18, 2013 - Milwaukee Journal Sentinel