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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.
The Lifetime Owner of the property has absolute and exclusive right to use of the property during their lifetime, which expires automatically upon the death of the last to die of the Life Tenant(s). The Life Tenant can be one individual or there can be joint Life Tenants.
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.
The person who holds the life estate has ownership of the property for the rest of their life. They get to use, occupy and get income from the property while they are living.
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.
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People also ask

A life estate is a form of joint ownership interest in real property between two or more individuals. A life estate is established when the owner of the property (the grantor, also known as life tenant, or tenant for life) deeds, grants or otherwise transfers ownership to another person (the remainderman).
All that is required to transfer title is that an affidavit of death of life tenant or surrender of life estate, as relevant, be recorded with the county recorders office. During the period of the life estate, the life tenant has all the obligations of ownership, including paying the real property taxes and insurance.
A life estate is a form of joint ownership interest in real property between two or more individuals. A life estate is established when the owner of the property (the grantor, also known as life tenant, or tenant for life) deeds, grants or otherwise transfers ownership to another person (the remainderman).
A life estate is a form of co-ownership of real property between two or more people. They each are an owner of the property, but for different periods of time. The person owning the life estate has the current right to the property for the rest of his or her life.
The person who holds the life estate has ownership of the property for the rest of their life. They get to use, occupy and get income from the property while they are living.

life estate deed