Property Ownership
A life estate in Indiana grants the life tenant the right to:
ASell the property and keep all proceeds
BUse and enjoy the property during their lifetime, but not convey a greater interest than they hold✓ Correct
CBequeath the property to their heirs
DEncumber the property with a mortgage beyond their life estate
Explanation
A life tenant may use, lease, or even sell their life estate interest, but they cannot convey more than they have. Their interest terminates at death and the property passes to the remainderman.
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