Marital life estate explained

A marital life estate is, in the common law tradition of the United States and Great Britain, a life estate held by a living spouse (husband or wife) or widowed spouse, for the duration of that spouse's life.

Creation

The marital life estate may be created by operation of law, agreement, contract, will, deed, or court order, such as a divorce decree or judgment.[1]

See also

Notes and References

  1. http://www.inc.com/articles/1999/10/14509.html Article from Inc. regarding life estates, including marital