Property Ownership
A life estate grants the life tenant the right to:
AOwn the property outright for a limited period chosen by the grantor
BPossess and use the property for the duration of a measuring life✓ Correct
CTransfer the property to heirs upon death
DEncumber the property with a mortgage that survives the measuring life
Explanation
A life estate grants the life tenant the right to possess and use the property for the duration of a specified measuring life (usually the life tenant's own life). When that life ends, ownership passes automatically to the remainderman.
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