Property Ownership

In Texas, a 'life estate' conveys property to a person for:

AA fixed term of 99 years
BThe duration of the life tenant's life, after which it passes to the remainderman✓ Correct
CThe duration of the grantor's life only
DAn indefinite period subject to conditions

Explanation

A life estate grants ownership rights for the duration of the life tenant's life. Upon the life tenant's death, ownership passes automatically to the remainderman (named in the deed) or reverts to the grantor (reversion). The life tenant cannot sell or encumber the property beyond their life estate interest.

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