life estate

• Ein lebenslanges Nutzungsrecht an einer Immobilie, bei dem der Berechtigte (Lebenszeitberechtigter) diese nutzen, bewohnen und daraus Erträge ziehen darf, sie aber nicht verkaufen oder das Eigentum nach seinem Tod übertragen kann.

A legal arrangement in which a person (the life tenant) has the right to use, occupy, and benefit from a property for the duration of their lifetime, but cannot sell or transfer ownership of the property beyond their own life.

1. Property interest for a lifetimeC1formal

   A legal arrangement where a person (the life tenant) has the right to use, possess, and enjoy a property for the duration of their life, but cannot sell or pass it on to their heirs.

   Nießbrauch auf Lebenszeit

   • The widow was granted a life estate in the family home, allowing her to live there until her death.
   • Under the terms of the will, the son received a life estate, while the property itself was left to a charity.
   • A life estate can be created by a deed or a will, specifying the life tenant and the remainderman.