Final answer:
A life estate is a legal concept in the field of Law. It is a type of ownership interest in real property that is limited in duration to the lifetime of the person holding the interest, known as the life tenant.
Step-by-step explanation:
A life estate is a legal concept in the field of Law. It is a type of ownership interest in real property that is limited in duration to the lifetime of the person holding the interest, known as the life tenant.
The duration of a life estate can be measured by the life of someone, such as the life tenant themselves, their spouse, or their lineal descendants.