- ESTATE IN REVERSION by Barry Goldsmith
ESTATE IN REVERSION is the right of an owner to re-occupy land once the estate he has granted to another person (such as an estate for years or an estate for life) has come to an end.
- life estate by Barry Goldsmith
Any estate in real or personal property that is limited in duration to the life of its owner or the life of some other designated person. Although classified as a freehold estate because it is a possessory estate of indefinite duration, a' life estate' is not an estate of inheritance. For example, Bob Smith conveys his home to his son John and reserves a life estate for himself. Bob (the life ...
- Inheritance tax by Barry Goldsmith
Inheritance tax is an assessment on the portion of an estate received by an individual. It differs from an estate tax, which is levied on an entire estate before it is distributed to individuals. The inheritance tax is usually progressive and generally determined by the amount of property received by the beneficiary, as well as by the heir's relationship to the deceased...
- freehold estate by Barry Goldsmith
freehold estate is an estate in land in which ownership is for an indeterminate length of time, in contrast to a leasehold estate.
- Department of Real Estate (California) by Barry Goldsmith
Department of Real Estate (California) is the California agency that administers the Real Estate Law, including the licensing of real estate brokers and agents; headed by the Real Estate Commissioner, who is appointed by the Governor and presides over the Real Estate Advisory Commission whose ten members are appointed by and serve at the Commissioner's discretion.