The remainderman in a Vermont life estate:
Correct Answer
B) Receives fee simple ownership when the life estate ends
The remainderman holds a future interest that becomes possessory upon the life tenant's death. They receive full fee simple ownership at that point.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
Fee simple absolute is the highest and most complete form of property ownership, giving the owner unrestricted rights to use, possess, enjoy, and dispose of the property. It is of unlimited duration and fully inheritable.
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.
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