A marital life estate is, in the common law tradition of the U.S. and Great Britain, a life estate held by the spouse (husband or wife) or widowed spouse, for the duration of that spouse's life.
Read more about Marital Life Estate: Creation, Tax Avoidance
Famous quotes containing the words marital, life and/or estate:
“Never during our marital bliss did she cause me one moment’s uneasiness. Never did I have to ask, “Where have you been? What were you doing?” I always knew.”
—Vina Delmar, U.S. novelist, playwright. Jerry (Cary Grant)
“A serious problem in America is the gap between academe and the mass media, which is our culture. Professors of humanities, with all their leftist fantasies, have little direct knowledge of American life and no impact whatever on public policy.”
—Camille Paglia (b. 1947)
“I ‘gin to be aweary of the sun,
And wish th’ estate o’ the world were now undone.”
—William Shakespeare (1564–1616)