A hospital receives a gift of real property from an elderly couple who reserve to them- selves a life estate. The hospital is the
Correct Answer
B) remainderman.
The hospital is the remainderman who receives property after the life estate ends.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
A freehold estate represents ownership of real property with an indefinite duration.
A life estate is a freehold estate that grants ownership rights for the duration of someone's life.
A freehold estate conveys ownership rights, while a leasehold estate grants the right to possess and use property for a specific period without ownership.
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The highest form of property ownership in the United States is:
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