life estate

• Acuerdo jurídico en virtud del cual una persona (usufructuario vitalicio) tiene derecho a usar, ocupar y disfrutar de un bien inmueble durante toda su vida, pero no puede venderlo ni transmitir la propiedad a su muerte, que revierte al propietario original o a sus herederos.

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.

   usufructo vitalicio

   • 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.