What is Life Estate?
A “life estate” is a type of property tenancy that lasts for the life of the named life tenant. For example, the grantee clause of a deed may read “to B__ during his life and then to C__”. This would give “B__” ownership of the property during his lifetime and upon his death the property would go to “C__”. “B__” could sell his interest in the property to “D__” but “D__” would only own the property for as long as “B__” lives.
