See AB trust. … [Read more...]
Search Results for: Estate
LIMITATION ESTATES
estates. When an estate is so expressly confined and limited by the words of its creation, that it cannot endure for a longer time than till the contingency shall happen, upon which the estate is to fail, this is denominated a limitation; as, when land is granted to a man while he continues unmarried, or until the rents and profits shall have made a certain sum, and the like; … [Read more...]
LIFE ESTATE
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-ESTATE
Vide Estate for life, … [Read more...]
LEGAL ESTATE
One, the right to which may be enforced in a court of law. It is distinguished from an equitable estate, the rights to which can be established only in a court of equity. 2 Bouv. Inst. n. 1688. … [Read more...]