Property Ownership
A life estate in Louisiana gives the life tenant:
APermanent fee simple ownership
BThe right to possess and use the property for the duration of their life, with ownership passing to remaindermen at death✓ Correct
COwnership for a fixed term of years
DThe right to mortgage the property beyond the life estate term
Explanation
A life estate grants the holder (life tenant) the right to possess and use property for the duration of their life (or another's life in a 'pur autre vie' arrangement). At death, ownership passes to the named remaindermen.
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