Life Estate
The right to use property for the rest of your life, after which it passes to someone else.
What Life Estate means in an estate
A life tenant may possess and use the property for their lifetime and is generally responsible for taxes, insurance, and upkeep. They cannot sell it free and clear or waste its value without the agreement of the remaindermen, who take the property when the life tenant dies. Because the remainder interest is already fixed, the property passes outside probate when the life tenant dies.
How this works in your state
The concept is national, but the forms, procedure names, thresholds, and filing practice vary by state. Open your state glossary and guides to see how life estate is handled where the estate is being settled.
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Information current as of April 4, 2026
Settled Estate is not a law firm, and this content is for informational purposes only and does not constitute legal advice. Probate laws and procedures in your state can change. Consult with a qualified attorney for advice specific to your situation. Full disclaimer.