![]() The main difference between a fee simple and a life estate is that with a fee simple, you own the property outright. After the life tenant dies, ownership of the property passes to another party, known as a "remainderman." What is The Difference Between a Fee Simple and a Life Estate? The holder, known as the "life tenant," has the right to use and occupy the property for the duration of their lifetime. What is a Life Estate?Ī life estate is an ownership interest in property that terminates upon the death of the holder of the life estate. The owner can sell the property, lease it out, or will it to their heirs. It gives the owner full and unlimited rights to use, possess, and dispose of the property as they see fit. What Are Some Tips For Using a Life Estate? What is a Fee Simple?Ī fee simple is the most common type of ownership in the United States. What Are Some Tips For Using a Fee Simple? What Are Some Alternatives to Using a Fee Simple or a Life Estate? What Are The Disadvantages of Life Estate? What Are The Disadvantages of Fee Simple? What Are The Advantages of a Life Estate? What Are The Different Types of Life Estate? What Are The Different Types of Fee Simple? What is The Difference Between a Fee Simple and a Life Estate? Fee Simple Vs Life Estate Table of Contents ![]()
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