Property Ownership
In South Dakota, a 'life estate' created in a deed gives the life tenant:
AAbsolute ownership that can be transferred to heirs
BThe right to possess and use the property during their lifetime, with ownership passing to the remainderman at death✓ Correct
COwnership rights for a fixed 20-year period
DThe right to sell the property and keep all proceeds
Explanation
A life estate grants the life tenant the right to use and enjoy the property for the duration of their life. Upon death, ownership automatically passes to the remainderman (the person named to receive the property after the life estate ends).
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