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LIFE ESTATE

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

The right to use and enjoy property for the duration of one's life. Typically this refers to a grant of real property where the person may live and enjoy the property during their lifetime but has no rights to sell or convey the property after death. Frequently used to keep property within a family. … [Read more...]

LIFE-SUSTAINING TREATMENT

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

Medical procedures that will only prolong one's life temporarily and temporarily suspend death or prolong a comatose state. … [Read more...]

LIFE EXPECTANCY

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

The amount of time that a person is expected to live based upon an evaluation of their health, lifestyle and other relevant factors. … [Read more...]

LIFO

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

Last In, First Out … [Read more...]

LIFE IN BEING

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

A person who is alive at the time an instrument was created. Also see Rule Against Perpetuities. … [Read more...]

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