What happens at the conclusion of a life estate?

What happens at the conclusion of a life estate?

• A. The property is sold to the highest bidder
• B. The property reverts back to the original owner
• C. It becomes joint tenancy
• D. It converts to a trust

Answer: (B)

At the conclusion of a life estate, the property typically reverts back to the original owner. This is because a life estate is a property interest that lasts only for the duration of a specified person's life (the life tenant). Once the life tenant passes away or the specified life estate ends, ownership of the property reverts back to the grantor or their designated beneficiaries. Options A, C, and D are incorrect because they do not accurately reflect what typically happens at the conclusion of a life estate.

At the conclusion of a life estate, the property typically reverts back to the original owner. This is because a life estate is a property interest that lasts only for the duration of a specified person's life (the life tenant). Once the life tenant passes away or the specified life estate ends, ownership of the property reverts back to the grantor or their designated beneficiaries.

Options A, C, and D are incorrect because they do not accurately reflect what typically happens at the conclusion of a life estate.