The life estate is the basic land ownership in the United States.

Name: The life estate is the basic land ownership in the United States.
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The fee simple ownership is the basic land ownership in the United States, as it grants the owner full and absolute ownership rights. The life estate is a limited form of ownership that only lasts for the duration of the life of a specified individual, after which ownership reverts back to the original grantor or passes to another designated individual.

The Life Estate Is the Basic Land Ownership in the United