Property Ownership

A life estate grants ownership:

AIndefinitely, with the right to pass it to heirs
BFor the duration of a measuring life, after which ownership passes to a remainderman✓ Correct
CFor a fixed term of years
DUntil the property is sold

Explanation

A life estate is an interest in real property that lasts only as long as a specified measuring life. When that person dies, ownership passes automatically to the remainderman named in the creating instrument.

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