Which of the Following Is a True Statement Concerning a Life

Which of the following is a true statement concerning a life estate?

A) A life estate is an ownership right only for the life of the grantor.
B) A life estate is an ownership right in property for the life of any individual designated by the grantor.
C) A life estate requires special wording, prescribed by statute, to create it.
D) None of the above.

Correct Answer:

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