Property Ownership
In Massachusetts, a property left to a 'remainderman' passes to that person:
AImmediately upon the creation of the life estate
BWhen the life tenant dies (or the measuring life ends)✓ Correct
CWhen the remainderman reaches age 21
DWhen the property is sold
Explanation
A remainder interest is a future interest that becomes possessory when the preceding estate (such as a life estate) terminates. The remainderman receives title upon the life tenant's death.
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Key Terms to Know
Life Estate
A freehold interest in real property that lasts only for the duration of a specified person's life.
Joint TenancyCo-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
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