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A California Life Estate can be easily established by drafting the appropriate document and then filing a new Deed. There is no probate. The property automatically transfers from the Life Tenant to the Remainder man upon death of the Life Tenant.
Filters. Latin/French. For the life of another, term often used in bequeathing a right (but not title) in property.
A life estate vests the beneficial use of property in a person for their lifetime. The person who holds the life estate is the life tenant. The life tenant may have the right to occupy a residential property and/or the right to income from property that is rented or leased to others.
Pur autre vie (per o-truh vee) is a French legal phrase which means for another's life. This phrase is durational in meaning as it is another's life, not that of the possessor, that is used to measure the amount of time someone has a right to possess real property.
The Home was built in 1938. Who is responsible for scheduling & paying for the home's lead inspection? Act of Waste. What is it called when a person who has possession of a property through a life estate abuses the property or allows it to deteriorate? Severance.