If one has the right to occupy a piece of property until their death, at which point title to the property passes to heirs who have been named by the owner of the property, there is a:
A) fee simple absolute
B) joint tenancy
C) tenancy in common
D) residual interest
E) none of the other choices

Question

Quizplus · Accepted Answer

The described situation is a life estate, not any of the listed options. A life estate allows someone to occupy a property for their lifetime, after which it passes to named heirs.

If One Has the Right to Occupy a Piece of Property