Property Ownership
A life estate in Mississippi grants the holder (life tenant) the right to:
AOwn the property permanently and pass it to heirs
BUse and possess the property during their lifetime, after which it passes to the remainderman✓ Correct
CMortgage the property without restriction
DDemolish and rebuild improvements at will
Explanation
A life estate grants ownership for the duration of a specific person's life (usually the life tenant's). Upon their death, the property passes to the remainderman named in the deed.
Related Mississippi Property Ownership Questions
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