Property Ownership
An Oregon homeowner wants to grant their adult child a life estate in their home, with the home reverting to the homeowner's estate at the child's death. The homeowner remains the:
ARemainderman
BLife tenant
CReversioner✓ Correct
DTrustee
Explanation
When a property owner grants a life estate and retains the right to have the property return to their estate when the life tenant dies, the original owner (or their heirs) is the reversioner. If the grantor names a third party to receive the property at the life tenant's death, that party is the remainderman.
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