Property Ownership
An Alaska landowner who sells their property retains a life estate. When the seller dies, the property will pass to the named remainderman. This arrangement creates a:
AJoint tenancy
BLife estate with remainder✓ Correct
CFee simple defeasible
DLeasehold interest
Explanation
When a grantor conveys property but retains a life estate, the grantor retains the right to use and enjoy the property for life. Upon the grantor's death, the remainder interest vests in the remainderman. This common estate planning technique allows a seller to retain occupancy while transferring future ownership.
Related Alaska Property Ownership Questions
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