Property Ownership
A life estate grants the holder the right to use and enjoy property:
AFor a fixed term of 99 years
BFor the duration of a specified person's life✓ Correct
CUntil the property is sold
DIn perpetuity for their heirs
Explanation
A life estate grants the holder (life tenant) the right to use and possess property for the duration of a specified measuring life — typically their own life. Upon the life tenant's death, the property passes to the remainderman or reverts to the grantor.
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