Property Ownership
Under Iowa law, a life estate grants the holder:
AOwnership of property for a fixed term of 99 years
BThe right to use and enjoy property for the duration of their life or another person's life✓ Correct
CThe ability to sell the property and keep all proceeds
DFull fee simple title that can be passed to heirs
Explanation
A life estate grants the holder (life tenant) the right to use and enjoy property for the measuring life (usually the life tenant's own life or sometimes another designated person's life). Upon death, the property passes to the remainderman.
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