What interest in land lets a person occupy it for the rest of their life, after which it passes to a named remainderman?
Correct Answer
C) Life estate
A life estate gives the holder the right to occupy and use land for their lifetime. They may deal with that life interest, but cannot pass on more than they hold, so when they die the land passes to the remainderman named in the grant or will, or reverts to the grantor.
Why This Is the Correct Answer
An interest measured by the holder's life, with the land then passing to someone else, is a life estate. The life tenant has possession for life; the remainderman holds the future interest and takes the land when the life tenant dies.
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