A life estate pur autre vie is a type of property ownership where the owner has the right to use and enjoy the property for the duration of someone else’s life. The owner, known as the life tenant, does not own the property in fee simple, but rather has a limited interest in it. The life estate pur autre vie can be created through a will or a deed, and upon the death of the measuring life, the property will either revert back to the original owner or pass to a remainderman, depending on the terms of the arrangement. This type of ownership is often used in estate planning to ensure that a person can continue to live in a property until their death, while also providing for the future disposition of the property.
A life estate pur autre vie is a type of life estate that is based on the life of a third party, rather than the life of the grantee.
A life estate pur autre vie is created by a grantor who conveys property to a grantee for the duration of the life of a third party.
The grantee holds the life estate pur autre vie, while the third party’s life determines the duration of the estate.
Yes, a life estate pur autre vie can be sold or transferred by the grantee, but the new owner’s interest will be limited to the duration of the third party’s life.
After the third party’s death, the life estate pur autre vie terminates, and the property reverts back to the grantor or the grantor’s heirs.
The grantee may be able to mortgage or encumber the property, but any such actions would be subject to the rights of the third party and the limitations of the life estate.
The grantor generally cannot terminate a life estate pur autre vie once it has been created, as it is based on the life of a third party.
The grantee may be able to lease the property, but any lease would be subject to the rights of the third party and the limitations of the life estate.
The tax implications of a life estate pur autre vie can vary depending on the specific circumstances and should be discussed with a tax professional.
A life estate pur autre vie can potentially be contested or challenged, particularly if there are disputes over the rights and interests of the parties involved. It is advisable to seek legal counsel in such situations.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 13th April 2024.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
- Page URL:https://dlssolicitors.com/define/life-estate-pur-autre-vie/
- Modern Language Association (MLA):Life Estate Pur Autre Vie. dlssolicitors.com. DLS Solicitors. May 09 2024 https://dlssolicitors.com/define/life-estate-pur-autre-vie/.
- Chicago Manual of Style (CMS):Life Estate Pur Autre Vie. dlssolicitors.com. DLS Solicitors. https://dlssolicitors.com/define/life-estate-pur-autre-vie/ (accessed: May 09 2024).
- American Psychological Association (APA):Life Estate Pur Autre Vie. dlssolicitors.com. Retrieved May 09 2024, from dlssolicitors.com website: https://dlssolicitors.com/define/life-estate-pur-autre-vie/
Our team of professionals are based in Alderley Edge, Cheshire. We offer clear, specialist legal advice in all matters relating to Family Law, Wills, Trusts, Probate, Lasting Power of Attorney and Court of Protection.
All author posts