life interest

Definition of "life interest"
  1. A legal right that only lasts during a person's lifetime, preventing them from making decisions about the property after their life
How to use "life interest" in a sentence
  1. According to her will, she left her son a life interest in her house.
  2. In a divorce settlement, one spouse might receive a life interest in the family home.
  3. The father willed a life interest in his business to his daughter, ensuring that she will have control only during her lifetime.

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