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.
Why This Is the Correct Answer
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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