Property Ownership
What is a life estate in Delaware real estate?
AAn estate that lasts for the duration of a specified person's lifetime✓ Correct
BAn estate that passes to heirs automatically
CAn estate that is held in a living trust
DAn estate measured by a specific number of years
Explanation
A life estate is an ownership interest limited to the duration of a person's life (the life tenant's life, or sometimes another named person's life — a 'pur autre vie' life estate).
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