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Deed Life Estate Form

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Instructions and help about Deed Life Estate

hi this is Joe from prep agent and today we are talking about a life estate a life estate is the ownership of land for the duration of a person's life in legal terms it is an estate and real property that ends at death when ownership of the property either reverts to the original owner or passes to another person let's explain this using the story of a life estate creatively modified so you could pass your exam as you learn in your real estate books real estate law comes from English common law so let's start with the king if you read your history books you'll know that the king was not always the nicest guy in the world and sometimes the king did some pretty horrible things this made a lot of people angry so the king needed protection money was a difficult commodity back then it was awkward and hard to maintain but property property was worth everything if you had property you were a big deal so the king made a proposal he said defend me but the people

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