A conventional life estate is created by?

• A. State law
• B. Deed or will of the owner
• C. Government grant
• D. Court order

Answer: (B)

A conventional life estate is created by the owner's own conveyance, typically through a deed during life or a will at death. When the owner says “to someone for life, then to someone else,” in a deed or in a will, that establishes the life tenant’s rights for life and sets who will own the property after that person’s life ends.

That’s why the correct choice is the deed or will of the owner. It’s the act by which a private property interest is created for a life tenant. The other options don’t fit because state law, government grants, or court orders are not the typical instruments used to create a conventional life estate; they relate to different mechanisms of establishing or transferring property interests.