An interest in property limited in duration to the life or lives of one or more persons is known as a:
A) future interest.
B) fee simple absolute.
C) fee simple determinable.
D) life estate.

Question

Quizplus · Accepted Answer

A life estate is an interest in property that is limited in duration to the life or lives of one or more persons. This type of interest usually terminates upon the death of the specified person or persons, after which the property reverts to the original owner or to another designated party.

An Interest in Property Limited in Duration to the Life