Property Ownership
A Mississippi property owner places their real property into a revocable living trust. The trustee now holds legal title, while the original owner retains:
ANo interest in the property
BEquitable title and the ability to revoke the trust and regain legal title✓ Correct
CA life estate
DA fee simple determinable
Explanation
In a revocable living trust, the trustee holds legal title while the grantor retains equitable ownership and the power to revoke the trust. This arrangement is commonly used for estate planning and avoiding probate.
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