life estate pur autre vie
Noun
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Noun
life estate pur autre vie
- (legal) An estate in land which is given by a grantor to a party only for the duration of the life of a third party, and for which ownership will revert to another upon the death of that third party.
- Joe gives property "to Mike for the life of Bob"; Joe has created a life estate pur autre vie for Mike, but when Bob dies, the property automatically reverts to Joe.
This text is extracted from the Wiktionary and it is available under the CC BY-SA 3.0 license | Terms and conditions | Privacy policy 0.003