Property Ownership
A life estate conveys property ownership:
AFor a fixed term of 99 years
BMeasured by the life of a specified person✓ Correct
CUntil the property is sold
DUntil the holder reaches age 65
Explanation
A life estate is an ownership interest measured by the life of a specified person (the life tenant). When the measuring life ends, the property passes to the remainderman or reverts to the grantor, depending on the grant.
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