Property Ownership
A NH property owner donates their farm to a land trust, retaining a life estate for themselves. Upon the owner's death, the property will:
AReturn to the owner's heirs through the estate
BPass to the land trust, which holds the remainder interest✓ Correct
CBe sold and proceeds distributed to the heirs
DRevert to the state of New Hampshire
Explanation
When the owner donated the farm subject to retaining a life estate, the land trust took a remainder interest. Upon the death of the life tenant, the life estate ends and the land trust receives full ownership of the property as the remainderman.
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