An ownership interest in property (an estate) that lasts until a named person or persons die is a(n)
A) Totten trust.
B) life estate.
C) chose in action.
D) inter vivos trust.

Question

Quizplus · Accepted Answer

This type of estate is called a life estate, in which the owner (the life tenant) has the right to use and enjoy the property during their lifetime, but upon their death, the property passes to a named person or persons (the remainderman).

An Ownership Interest in Property (An Estate) That Lasts Until