Property Ownership
A Mississippi property owner dies leaving a will that devises real property 'to my son Tom for life, then to my daughter Lisa.' Tom has a:
AFee simple absolute estate
BLife estate; Lisa has a vested remainder✓ Correct
CTenancy for years
DTenancy at will
Explanation
Tom receives a life estate — ownership for his lifetime. Lisa has a vested remainder — a future ownership interest that is certain to vest when Tom's life estate ends (upon Tom's death). Upon Tom's death, Lisa (or her heirs if she predeceases Tom) will receive fee simple ownership.
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