Property Ownership
In New York, a 'life estate' in real property grants the life tenant the right to:
ASell the property in fee simple without restriction
BUse, possess, and enjoy the property during the measuring life, with the remainder passing to a remainderman upon the life tenant's death✓ Correct
CPass the property through their will to any heir
DMortgage the property for a term extending beyond their lifetime
Explanation
A life estate in New York grants the life tenant the right to use, possess, and enjoy the property for the duration of the measuring life (usually the life tenant's own life). Upon the life tenant's death, the property passes to the remainderman.
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