"Estate of inheritance" means "ownership," and "fee simple" is another way of saying "current ownership." A "fee estate" is a type of ownership that grants the owner an indefinite, exclusive, and absolute interest in a piece of real estate, which is the most complete form of ownership.
These are questions that the above text answers:
1. What does "estate of inheritance" mean in real estate law?
2. How is "fee simple" ownership defined in real estate law?
3. What is a "fee estate" in real estate law?
4. What type of interest does a fee estate grant to the owner?
5. What are the characteristics of a fee simple ownership?
6. What is the difference between "fee estate" and "fee simple" ownership?