| survey or a (cheaper) "homebuyers survey" at the same time. Since it ends at home mortgage and the owner of the life estate cannot leave it to his heirs or convey a larger interest in the land than what the owner actually owns, a life estate is not an estate of inheritance. Life estates are measured either by home mortgage life of the owner of the estate, or by the life of some other person; these latter are called life estates pur autre vie, Law French for "during someone else's life." A life estate pur autre vie is most commonly created in one of two circumstances. First, when the owner of property conveys his interest in that property to another person, for the home mortgage of a third person. For example if Joey conveys Blackacre to Rachel during the life of Monica, then Rachel owns the land for as long as Monica lives; if Rachel dies before Monica, Rachel's heirs home mortgage inherit the land, and will continue to own it for as long as Monica lives. Second, |
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