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An interest in land that lasts only for the life of the holder. Thus, the holder of a life estate cannot leave the land to anyone in their will, because their interest in the land does not survive the person.
After the death of the life tenant (or earlier termination of the trust), the remaining capital of the trust fund can then be passed on to other individuals, known as the remaindermen, or a separate trust, as set out in the will.
A property owner can reserve a life estate and grant a remainder interest giving the remainderman possession when the owner diesallowing the property to bypass probate. South Carolina does not recognize transfer-on-death (TOD) deeds.
Life Estates are simple and inexpensive to establish; merely requiring that a new Deed be recorded. Life Estates avoid probate; the property automatically transfers to your heirs upon the death of the last surviving Life Tenant. Transferring title following your death is a simple, quick process.
South Carolina does not recognize transfer-on-death deeds for real estate property. For a beneficiary to receive real estate property upon a persons death, they must have jointly owned the property under the states joint tenancy laws.

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States such as Georgia and South Carolina, however, do not allow Lady Bird Deeds. At this point in time, they are allowable in North Carolina and this is a very good way, especially in an emergency situation, to transfer assets.
The life tenant is able to use and occupy their home for the remainder of their life and be transparent with beneficiaries about what will happen with the property upon their death.
An interest in land that lasts only for the life of the holder. Thus, the holder of a life estate cannot leave the land to anyone in their will, because their interest in the land does not survive the person.
A life estate deed is really just a deed (which transfers a real estate interest from one person to another) with some special language thrown in. The language creates the life estate, which for that person is the right to live there as long as they want to.
Married couples in South Carolina most commonly own property together as joint tenants with rights of survivorship. The advantage is that when one spouse dies, the surviving spouse automatically takes ownership of the property without it being subject to probate.

Related links

Deed vs. Title - Difference Wiki

A deed illustrates the right of the owner to claim the property. As opposed to the title, that explains, who holds the property or estate in the end.

Learn more
SSA - POMS: SI DEN01140.110 - Life Estates - Social Security

Sep 9, 2022 An individual may receive a life estate interest through a deed or grant, through an oral agreement or State law. In most instances, however

Learn more
Retained Life Estate Deed using a Personal Residence or Farm

A retained life estate deed allows you to donate your personal residence or farm to the Marriott School while retaining the right to live on and use the

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