Charles,a healthy twenty-five-year-old,owns a life estate in ten acres of land on the edge of a growing city.Developers would like to purchase the ten acres,but the holder of the remainder interest,Doria,does not want to sell.Discuss what rights,if any,the developers may acquire.

Life Estate

A property interest that lasts for the life of a specific individual, after which the property passes to another designated person or entity.

Remainder Interest

Remainder interest is an estate planning term describing the beneficiary's right to receive an estate's assets after the termination of the prior estate, often used in the context of trust and will planning.