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Life Estate Deed Jeramie Fortenberry Form

Life Estate Deed Jeramie Fortenberry Form

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in this clip we'll introduce the life estate which is the present interest along with its corresponding future interest the remainder or also called reversion next we'll discuss some key terminology after that we'll discuss the creation and configuration of life estates along with some of the responsibilities of the life tenant relative to the holder of the future interest we'll end with a quick discussion of various ways to bring about the termination of life estates let's get started ing to black's law dictionary a life estate is an estate held only for the duration of a specified person's life at the end of the measuring life the property will pass to someone else usually in fee simple absolute leaving the former holder of the life estate with nothing

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