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.
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