Property Ownership
What is a 'life estate'?
AOwnership that lasts for the life of the life tenant, then passes to a named remainderman✓ Correct
BA lease lasting for the tenant's lifetime
COwnership held by an insurance company
DA trust that lasts for 99 years
Explanation
A life estate grants ownership for the duration of the measuring life (usually the life tenant's own life). When the life tenant dies, ownership automatically transfers to the remainderman (the person designated to receive the property). The life tenant cannot sell full fee simple title.
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