equitable life estate

equitable life estate
An interest in real or personal property which lasts for the life of the hofe of the estate and which is equitable as contrasted with legal in its creation as in the case of a beneficiary of a trust who has a life estate under the trust

Black's law dictionary. . 1990.

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  • equitable life estate — An interest in real or personal property which lasts for the life of the hofe of the estate and which is equitable as contrasted with legal in its creation as in the case of a beneficiary of a trust who has a life estate under the trust …   Black's law dictionary

  • life estate — see estate 1 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. life estate …   Law dictionary

  • legal life estate — Interest in real or personal property for the life of the holder and enforceable at law in contrast to equitable life estate …   Black's law dictionary

  • legal life estate — Interest in real or personal property for the life of the holder and enforceable at law in contrast to equitable life estate …   Black's law dictionary

  • equitable — eq·ui·ta·ble / e kwi tə bəl/ adj 1: having or exhibiting equity: dealing fairly and equally shall allocate...appropriations in an equitable manner U.S. Code 2: existing or valid in equity or as a matter of equity as distinguished from law an… …   Law dictionary

  • estate — es·tate /i stāt/ n [Anglo French estat, literally, state, condition, from Old French, from Latin status, from stare to stand] 1: the interest of a particular degree, nature, quality, or extent that one has in land or other property compare fee;… …   Law dictionary

  • Estate (law) — An estate is the net worth of a person at any point in time. It is the sum of a person s assets legal rights, interests and entitlements to property of any kind less all liabilities at that time. The issue is of special legal significance on a… …   Wikipedia

  • Equitable servitude — Property law Part of …   Wikipedia

  • estate — The degree, quantity, nature, and extent of interest which a person has in real and personal property. An estate in lands, tenements, and hereditaments signifies such interest as the tenant has therein. 2 Bl.Comm. 103. The condition or… …   Black's law dictionary

  • estate — The degree, quantity, nature, and extent of interest which a person has in real and personal property. An estate in lands, tenements, and hereditaments signifies such interest as the tenant has therein. 2 Bl.Comm. 103. The condition or… …   Black's law dictionary

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