A ________ is an interest in real property that lasts for a specified person's lifetime.
A) life estate
B) fee simple absolute
C) life insurance
D) fee simple defeasible

Question

Quizplus · Accepted Answer

A life estate is an interest in real property that lasts for a specified person's lifetime. Upon their death, ownership of the property passes to another designated person or entity, known as the remainderman. The life estate holder has the right to occupy and use the property during their lifetime, but they cannot sell or transfer ownership of the property.

A ________ Is an Interest in Real Property That Lasts