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Is there a difference between lifetime rights and a will that states someone may live in a house or basement as long as needed and the other owners can do nothing?

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01/12/2007

A life estate is valid for the life of the individual that it was granted to. It can be granted through a will or through a legal document. The life estate establishes rights for that individual. The other owners can attempt to purchase the rights, but they cannot take them away.