Property Ownership
In Idaho, a 'remainder interest' in property refers to:
AThe equity left after paying all mortgages
BA future ownership interest that takes effect after a life estate or other limited estate ends✓ Correct
CThe unpaid balance of a purchase money mortgage
DMineral rights retained by a prior owner
Explanation
A remainder interest is a future interest in real property that becomes possessory when a prior estate (such as a life estate) terminates. The remainderman receives full ownership when the life tenant dies.
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