Interest for Life - A Life Interest or Life Estate
- The benefit and enjoyment of the use of an asset for the duration of a person's life - after death the property goes to the beneficiary determined by the bequest.
- This might be used by a couple whose intention is is to bequeath their residential home to a trust or other cause but wish to continue in occupation until the death of the owners.
Published: 8 November 2013
Last Updated: 17 November 2021