A life estate gives the holder:
Correct Answer
B) Use and possession for the duration of a measuring life
Why this is correct: A life estate is a freehold estate that grants the holder (life tenant) the right to use, possess, and enjoy the property for the duration of a specified life (usually their own or another's). Upon that life's end, ownership passes to the remainderman. Why the other choices are wrong: It is not permanent ownership transferable by will; it terminates at a life's end. It is not a leasehold for a fixed term. The holder has rights beyond just receiving income. Exam tip: Life estate = ownership for a life, not forever.
Why This Is the Correct Answer
Why this is correct: A life estate is a freehold estate that grants the holder (life tenant) the right to use, possess, and enjoy the property for the duration of a specified life (usually their own or another's). Upon that life's end, ownership passes to the remainderman. Why the other choices are wrong: It is not permanent ownership transferable by will; it terminates at a life's end. It is not a leasehold for a fixed term. The holder has rights beyond just receiving income. Exam tip: Life estate = ownership for a life, not forever.
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