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Trust Glossary

Life Estate - A present interest in property of a duration equal to a specified individual's lifetime, usually of the individual who holds the present interest. If measured by the lifetime of a different individual, it is called a Life Estate Pur Autre Vie (life estate by another's life). If the interest is in trust, it is called a Life Interest.


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The content in this glossary is general in nature and is intended for informational purposes only. It is not intended to provide specific advice or recommendations for any individual or organization, because the facts and circumstances surrounding each situation differ. Please consult your attorney, tax advisor or other professional advisor for advice on your particular situation.






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