Property Ownership
A 'life estate' in Rhode Island grants:
AOwnership of property for a specified number of years
BThe right to possess and use property for the duration of the life tenant's life, after which ownership passes to the remainderman✓ Correct
CAn indefinite leasehold interest
DA fee simple ownership with a reversion
Explanation
A life estate grants the life tenant the right to possess and use property during their lifetime. Upon the life tenant's death, the property passes automatically to the remainderman as designated in the deed.
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