Marital life estate
Common law tradition in the US and UK
A marital life estate is, in the common law tradition of the United States and Great Britain, a life estate held by a living spouse (husband or wife) or widowed spouse, for the duration of that spouse's life.
Creation
The marital life estate may be created by operation of law, agreement, contract, will, deed, or court order, such as a divorce decree or judgment.[1]
See also
- Life interest
- Tenancy by the entirety
- Community property
References
- ^ Article from Inc. regarding life estates, including marital
- v
- t
- e
