A life estate terminates upon the death of which of the following?
Correct Answer
B) The measuring life designated in the grant
A life estate terminates upon the death of the measuring life — the person whose lifespan determines the duration of the estate. This is typically the life tenant, but the estate can also be measured by another person's life (known as pur autre vie). Upon the death of the measuring life, the property passes to the remainderman or reverts to the grantor.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
The bundle of rights describes the rights associated with property ownership, allowing owners to use, control, enjoy, exclude others from, and dispose of the property.
Community property is a form of ownership recognized in certain states where property acquired during marriage is considered equally owned by both spouses, regardless of who earned the money or whose name is on the title.
Condominium ownership involves owning a unit of airspace within a multi-unit building plus an undivided interest in the common elements shared with other unit owners. Each unit is separately taxed and financed.
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