If ownership of Isaiah's home transfers to his sister upon his death, Isaiah has a __________ in his home. possessory interest leasehold interest reversionary interest life estate interest

Respuesta :

If the ownership of Isaiah's home transfers to his sister upon his death, Isaiah has a Life estate interest in his home.

What is Life estate Interest?

A life estate is property, generally, a residence, that an individual owns and may use for the duration of their lifetime the person is called the life tenant who shares ownership of the property with another person or any persons, who will automatically receive the title to the property upon the death of the life tenant.

Thus, Isaiah has a life estate interest in his home. A life estate is property, generally a residence, that an individual owns and may use for the duration of their lifetime.

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