A remainderman is the person who receives full ownership of property when a ______ ends.
Correct Answer
B) Life estate
A remainderman is the person designated to receive full ownership of property upon the termination of a life estate — specifically, upon the death of the life tenant. The remainderman holds a future interest in the property during the life tenant's lifetime and takes full title automatically when the life estate ends.
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Related Topics & Key Terms
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Related Concepts
Community property is a system where property acquired during a marriage is owned equally by both spouses.
A freehold estate represents ownership of real property with an indefinite duration.
Joint tenancy is a form of co-ownership in which two or more persons hold equal, undivided interests in property with the right of survivorship. When one joint tenant dies, their interest automatically passes to the surviving joint tenants.
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