Leon Law Firm, (214) 696-0021

A life estate is the right to occupy or use a specified parcel of land for the period of a person’s life.

For example:

John owns a farm. John grants a life estate in the farm to Juan. This means that Juan can use or occupy the farm for the rest of Juan’s life. Upon Juan’s death, the property will either revert back to John, or will be passed to a “remainderman” (depending on how John set up the life estate.)

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