Property Ownership
A Kentucky property owner conveys land to their child but retains the right to live on the property for life. After the parent dies, the child holds:
AA life estate
BA remainder interest that becomes possessory✓ Correct
CA reversionary interest
DA leasehold estate
Explanation
The child holds a remainder interest during the parent's life. Upon the parent's death, the remainder becomes possessory and the child takes full fee simple ownership.
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