Encyclopedia Encyclopedia: ABCDEFGHIJKLMNOPQRSTUVWY
Term Definition Fee Simple Estate - absolute ownership unencumbered by an other interest or estate.
Application in Divorce A fee simple estate is a place where "a man’s home is his castle," and the antecedents of this form of ownership are in English common law.

A fee simple duration, disposition and descendibility.

A fee simple marital home. The spouses own it by the entirety, which means both husband and wife simultaneously have a 100 percent joint tenancy.

When a couple have paid the mortgage on a fee simple estate, they can say they own the homestead "free and clear."

See also Joint Tenancy.