Question 1
The biggest estate a person can hold with total ownership is called:
◦ A life estate
◦ A joint tenancy
◦ A fee simple estate
◦ A trust
Question 2
Which is not true of a fee simple state:
◦ A fee simple estate is fully transferable during the life of the owner
◦ A fee simple estate may be transferred by the probate court
◦ A fee simple estate may be transferred by will
◦ A fee simple is subject to the claims of creditors