Which of the following is true about the situation where a party conveys a life estate,but does not convey any other interest?
A) Upon the death of the holder of the life estate, the property will go to the heirs of the holder of the life estate.
B) The grantor has created a remainder, even though the identity of the holder of the remainder is not yet known.
C) The grantor holds a fee simple defeasible.
D) Upon the death of the holder of the life estate, the property reverts to the grantor, the grantor's estate, or other designated person.
E) The conveyance is invalid because it is incomplete.
Correct Answer:
Verified
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