Question

When a life estate terminates a new person inherits whatever remains in a new estate. The name of the estate which remains is referred to as:

Answer 1

Answer:

correct answer is Remainder estate

Explanation:

when life estate terminates

here life estate mean that property given for the duration of an individual lifetime

so here name of estate is refer to Estate in Remainder Law

because Estate in Remainder Law say that estate in remainder refer to estate that is vests after termination of prior estate for the instance life estate

and It is create at the same time and same instrument

so here correct answer is Remainder estate