Emily grants a life estate in her beachfront property to David, with the future interest designated to her daughter, Fiona. Upon David's death, what interest does Fiona hold in the property?
Fiona holds a vested remainder interest in the property. A vested remainder is a future interest given to a specific person that is certain to become possessory upon the termination of the preceding estate, in this case, David's life estate. The other options refer to interests that either do not apply or require additional conditions that are not present in this scenario.
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