Calvin transfers land to a trust. Calvin retains the right to the income from the land for the rest of his life. Upon his death, the land is to be transferred to his daughter, Melissa. Calvin's interest is

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Calvin has retained the right to the income from the land for the rest of his life, which is a characteristic of a life estate. Upon his death, the land will pass to his daughter, Melissa, who has a remainder interest in the property.

Calvin Transfers Land to a Trust