Property OwnershipIntermediateDelaware Exam
What is a life estate in Delaware real estate?
AAn estate that lasts for the duration of a specified person's lifetimeCorrect
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
Why An estate that lasts for the duration of a specified person's lifetime Is Correct
Answer A: An estate that lasts for the duration of a specified person's lifetime
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).
Exam Tip: Property Ownership
Property ownership questions test the bundle of rights and different forms of ownership. Know the differences between joint tenancy, tenancy in common, and community property, including the right of survivorship.
Key Property Ownership Terms in This Question
Related Delaware Property Ownership Questions
- What is an 'irrevocable trust' and how does it affect Delaware real estate ownership?Property Ownership
- What is 'homestead exemption' and does Delaware have one?Property Ownership
- Fee simple absolute is best described as:Property Ownership
- What is a 'servient tenement' in a Delaware easement relationship?Property Ownership
- Air rights allow a property owner to:Property Ownership
- In Delaware, an easement appurtenant benefits:Property Ownership
- Which of the following is an example of a voluntary alienation of real property in Delaware?Property Ownership
- What is a 'prescriptive easement' in Delaware, and how is it obtained?Property Ownership
Practice More Delaware Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Delaware Quiz →