आजीवन-संपदा इसके अंग्रेजी अर्थ का उदाहरण

A receives a life estate in Blackacre and B holds a remainder, which can become possessory when the prior estate naturally terminates (A's death).

In it, he stipulated that John Hemmings would be freed as of a year after his death, given all the tools of his trade, and gifted a life estate in a house and an acre of land, provided that he stayed close to his wife Priscilla and his likely next place of employment, the new University of Virginia.

Similarly to reversions, remainders are usually created in conjunction with a life estate, life estate pur autre vie, or fee tail estate (or a future interest that will eventually become one of these estates).

Contingent conditions within documents such as life estates and remainder interests may exist within the document language.

" B has an indefeasibly vested remainder certain to become possessory upon termination of A's life estate.

His father is a life estate planner and Vietnam veteran who served in the United States Army, and his mother a former teacher and librarian.

Usually this occurs due to the death or termination of the former owner's life estate, but this can also occur due to a specific notation in a trust passing ownership from one person to another.