Question

When a life estate ends, future ownership of life estate can be either.

a) Transferred to the state.
b) Reverted to the grantor or passed to a remainderman.
c) Sold to the highest bidder.
d) Distributed among all living relatives.

Answer 1

When a life estate ends, future ownership can be either reverted to the grantor or passed to a remainderman.

Step-by-step explanation:

When a life estate ends, future ownership of the life estate can be either reverted to the grantor or passed to a remainderman. A life estate is a type of ownership interest in real estate that lasts for the lifetime of a specified person, referred to as the life tenant. Upon the death of the life tenant, the life estate ends. If the life estate was created with a remainder interest, the ownership of the property would pass to the remainderman upon the death of the life tenant. The remainderman is a person designated to inherit the property after the life estate ends.