Usufruct means the right to use a real estate (or a personal asset) that is owned by somebody else. Usufruct can be separate or common, can refer to a part or the whole of the real estate, and can last for the lifetime of the usufruct beneficiary, or only for a determined number of years.
The value of the usufruct right of a person for his/her lifetime can be determined according to the following: if the beneficiary is
1. younger than 25, the yearly value ten times,
2. between 25 and 50 years, the yearly value 8 times,
3. between 51 and 65 years, the yearly value 6 times,
4. older than 65, the yearly value 4 times.
The yearly value can easily be determined by dividing the market value of the property by 20.