A life estate is a type of ownership of property. Once the life tenant dies, abandons the property or conveys their interst the property goes to the remanderpersons named in the deed.
It is used in various situations such as 2nd marraiges where you have children from the first marriage.
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All content is for informational purposes only. It is also only intended to relate to Mississippi Estate Planning Law. If other states are mentioned, they are mentioned as an example only. No legal advice is provided in this content. Laws change so you need to check for any updates by current laws in Mississippi.
