| time. Since it ends at death, and the owner of the life estate cannot leave it to his heirs or convey a florida home equity loan rate 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 the life of the owner of the estate, or by the life of some other person; these latter are called life estates pur autre vie, florida home equity loan rate 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 florida home equity loan rate of property conveys his interest in that property to another person, for the life 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 florida home equity loan rate lives; if Rachel dies before Monica, Rachel's heirs will inherit the land, and will continue to own it for as long as Monica lives. Second, if Joey conveys Blackacre to Monica for life, Monica can then sell the life estate to Rachel. Again, Rachel and Rachel's heirs will own the land for as long as Monica lives In either scenario, once Monica dies, the ownership of the land will revert florida home equity loan rate Joey. If Joey has died, ownership will revert to Joey's |
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