Curtesy refers to a husband's common law right to a life estate in all lands owned by his deceased wife, provided there were issue born of the marriage who are capable of inheriting the estate.
An Estate For Life, also known as a Life Estate, is a type of property ownership typically used in estate planning to allow someone to use and live in a property for the duration of their life.
Estate planning distribution involves the management and allocation of a person's assets during their lifetime and after their death, ensuring a systematic transfer of property to beneficiaries.
A freehold estate is an estate in land of uncertain duration, encompassing both estate in fee and a life estate. This term describes rights in land ownership that are free from any rent or leasehold obligations.
A life estate is an interest in property that lasts for the duration of a person's life, providing certain rights and responsibilities for the life tenant.
A life tenant is an individual who has the right to use and occupy property for the duration of their life or the life of another designated person.
Pur Autre Vie is an estate in property that a grantor gives to a life tenant, who holds it only for the duration of a third person's life.
A remainder is a future interest in an estate that takes effect upon the expiration or termination of a prior estate without reverting back to the original grantor.
Remainder interest refers to the future interest in an estate that becomes possessory when a preceding life estate or similar limited estate terminates. The holder of this interest is called the remainderman.
Seisin refers to the legal possession of a property by an individual who asserts ownership, typically in the form of a fee simple estate, life estate, or other saleable interest.
