BC Real Estate Trading Services Licensing Exam Practice · Question
Mr. Henderson establishes a life estate for his son, Robert, allowing Robert to live in the family home in Whistler for the remainder of Robert's life. Upon Robert's death, the property is to pass to Mr. Henderson's grandson, Thomas. What is Thomas's interest in the property during Robert's lifetime?
A life estate grants possession for a lifetime. The person designated to receive the property upon the termination of the life estate holds a 'remainder interes
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Question: Mr. Henderson establishes a life estate for his son, Robert, allowing Robert to live in the family home in Whistler for the remainder of Robert's life. Upon Robert's death, the property is to pass to Mr. Henderson's grandson, Thomas. What is Thomas's interest in the property during Robert's lifetime?
Answer options: ✅ Thomas holds a remainder interest in fee simple.
- Thomas is a joint tenant with Robert.
- Thomas has no legal interest until after Robert's death.
- Thomas holds a right of re-entry.
Correct answer: Thomas holds a remainder interest in fee simple.
Explanation: A life estate grants possession for a lifetime. The person designated to receive the property upon the termination of the life estate holds a 'remainder interest', which in this case is a fee simple interest.
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