What is a pur autre vie life estate? It endures over the lifetime of the owner, then passes to an heir. It ends with the death of the life estate owner and may pass back to the original owners or their heirs or to a named third party. It ends with the death of the original grantor, then passes to a third party. It endures over the lifetime of a third person, after which the property passes from t tenant holder to the original grantor.
The Correct Answer and Explanation is :
The correct answer is: It endures over the lifetime of a third person, after which the property passes from the tenant holder to the original grantor.
A pur autre vie life estate is a type of life estate in which the duration of the estate is tied to the life of a third person, not the person who holds the estate (known as the life tenant). In other words, the life estate lasts for as long as the third person, who is referred to as the “measuring life,” is alive. Once that person passes away, the life estate automatically ends, and the property will revert to the original grantor or their heirs (or a designated third party, depending on the terms of the grant).
The key distinction here is that, unlike a regular life estate, where the estate is measured by the life of the holder of the estate, a pur autre vie life estate is tied to the life of someone else. This could be a family member, friend, or any third party chosen by the grantor. For example, if a person is granted a pur autre vie life estate based on the life of their mother, the life estate would continue for the duration of the mother’s life. Once the mother passes away, the property would either revert to the original grantor or pass on to another named party.
One common use of this type of estate is when property is transferred to a beneficiary for their lifetime, but with the understanding that the property will revert to the original owner or their heirs once a third person dies. This is often used in estate planning to manage property and ensure it ultimately ends up with the desired person or group after the lifetime of a particular individual.