Property Ownership
In New Jersey, a life estate grants the life tenant the right to use and enjoy the property:
AFor a fixed term of years regardless of death
BFor the duration of the life tenant's life, after which the property reverts or passes to a remainderman✓ Correct
CIndefinitely, including the right to will the property
DOnly if the original grantor is still alive
Explanation
A life estate is a freehold estate limited to the life of the life tenant. Upon the life tenant's death, the property passes to the remainderman (designated future owner) or reverts to the grantor (reversion). The life tenant cannot convey more rights than they possess.
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