What does the term "Estate per Autrie Vie" refer to?

The term "Estate per Autrie Vie" refers specifically to a type of ownership that is measured by the life of another individual rather than the life of the owner themselves. This legal concept allows a person to hold an interest in property for as long as a designated third party is alive. Once that individual's life ends, the estate automatically passes to a predetermined remainderman or becomes part of the estate of the deceased.

This term is significant in property law because it illustrates how ownership interests can be contingent upon the lifespan of someone other than the owner, which can affect estate planning, property transfers, and inheritance issues. Understanding this concept is crucial for legal and real estate professionals, as it has implications for property rights, taxation, and future ownership transitions.