A life estate will be transferred to another party in the event of the holder's death.

Question

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A life estate is a form of property ownership where the holder (called the "life tenant") has the right to use or occupy the property during their lifetime. However, upon their death, the ownership of the property passes to another party, known as the remainderman. This means that a life estate does transfer to another party upon the holder's death.

A Life Estate Will Be Transferred to Another Party in the Event