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What is a Tennessee Lifetime estate?

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Q: What type of life estate is recognized by Tennessee?
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What type of real estate ownership is the most all-inclusive?

Ownership in fee simple is the highest form of real property ownership.


Can a life estate stop liens from being effective on a house that's paid for?

No. However, it depends on the type of liens. Liens against the fee owner can be recorded but may be subject to the life estate. Property tax liens take effect in spite of a life estate. You need to be more specific as to the type of lien and who is the debtor.No. However, it depends on the type of liens. Liens against the fee owner can be recorded but may be subject to the life estate. Property tax liens take effect in spite of a life estate. You need to be more specific as to the type of lien and who is the debtor.No. However, it depends on the type of liens. Liens against the fee owner can be recorded but may be subject to the life estate. Property tax liens take effect in spite of a life estate. You need to be more specific as to the type of lien and who is the debtor.No. However, it depends on the type of liens. Liens against the fee owner can be recorded but may be subject to the life estate. Property tax liens take effect in spite of a life estate. You need to be more specific as to the type of lien and who is the debtor.


What does life usage of a house mean?

In law that type of right is called a life estate. With a life estate arrangement someone else is the actual owner of the property and the life estate holder has the right to use and occupy the property for the duration of their natural life. The property is encumbered by the life estate until the holder dies or releases it by a signed release. There are varying state laws that govern life estates and the obligations of each of the parties.


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