What term is used for an interest in real estate that follows a life estate?

The term that describes an interest in real estate that follows a life estate is "Remainder." In the context of property law, a life estate is an interest in real estate that lasts for the duration of a person's life, after which the property is transferred to another party.

A remainder is a form of future interest that becomes possessory immediately upon the conclusion of the life estate. This means that once the individual holding the life estate passes away or the life estate ends, the property will automatically revert to the party that holds the remainder interest. This distinction is crucial in understanding the different types of interests in property and how real estate ownership can be structured over time.

In contrast, reversion refers to the property returning to the original grantor after the life estate ends, rather than passing to a specific third party. While the life estate itself is not a type of interest that follows it, a future interest encompasses all interests that are not currently present, including both remainders and reversions. However, the specific term for an interest that follows a life estate is indeed a remainder.