Property Ownership
What is a life estate in Nevada real estate?
AOwnership that lasts forever
BA freehold estate limited in duration to the life of a specified person, after which it passes to a remainderman✓ Correct
CA leasehold interest for a term of 99 years
DAn estate owned jointly by married spouses
Explanation
A life estate grants the life tenant the right to possess and use the property for the duration of their life (or another designated person's life — pur autre vie). Upon the life tenant's death, the property passes automatically to the remainderman.
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