A usufruct is a legal right given by an owner to someone else to use the owner’s property for a limited time – usually a fixed term or a person’s lifetime. While a usufruct allows extensive rights over the asset, it does not transfer the ownership of the asset itself to the usufructuary.
A usufruct can be utilised to serve a range of purposes. A usufruct may be a great estate planning tool, but it is certainly not to be taken lightly.
Learn more in my article on usufructs.
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