life estate

• Accord juridique selon lequel une personne (l'usufruitier) a le droit d'utiliser, d'occuper et de tirer profit d'un bien immobilier pendant toute sa vie, mais ne peut pas vendre ni transmettre la propriété du bien après sa mort.

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.

   usufruit viager

   • 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.