Property Ownership
In South Carolina, a life estate grants the life tenant the right to:
AUse and possess the property during their lifetime but not sell or mortgage it
BUse the property during their lifetime and sell or mortgage it, subject to the remainder interest✓ Correct
CTransfer the property by will to their heirs
DReceive all income from the property in perpetuity
Explanation
A life tenant in South Carolina may use, possess, and even sell or mortgage their interest, but only for the duration of their life (or the measuring life). A buyer or lender only acquires the life estate interest, which ends at death.
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