Question

If title passes upon the death of a life tenant to a party other than the original grantor, the party receiving the ownership rights is called a _______.

a) Beneficiary
b) Executor
c) Remainderman
d) Heir

Answer 1

The party receiving the ownership rights is called the remainderman.

Step-by-step explanation:

The correct answer is c) Remainderman. When title passes upon the death of a life tenant to a party other than the original grantor, the party receiving the ownership rights is known as the remainderman. The remainderman is a person who has a future interest in a piece of property, and their ownership rights will only become possessory upon the death of the life tenant.