Question of the Day

A woman conveys ownership of an office building to a nursing home. The nursing home agrees that the rental income will pay for the expenses of caring for the woman’s parents. When the woman’s parents die, ownership of the office building will revert to the woman. The estate held by the nursing home is a:

Explanation

A life estate "pur autre vie" (French for "for another's life") is a duration of a property interest. While it is similar to a life estate, it differs in that a person's life interest will last for the length of another person's life, not the length of the life estate-holder's.

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