What kind of interest arises when two heirs each receive a portion of a deceased person's estate under an anti-lapse statute?

The correct answer is that a tenancy in common arises when two heirs each receive a portion of a deceased person's estate under an anti-lapse statute. A tenancy in common is a form of ownership where each co-tenant has an undivided interest in the property, but their shares may be unequal, and importantly, they have the right to transfer their interest independently.

In the context of an anti-lapse statute, this law allows the descendants of a deceased beneficiary to inherit the deceased beneficiary's share, ensuring that the property passes to the intended heirs even if the original beneficiary predeceases the testator. Each heir receiving a share does so as a tenant in common, meaning they hold their interest in the estate separately and can independently transfer their shares if they choose.

Other forms of property interests, such as joint tenancy, would imply rights of survivorship and equal shares, which do not apply in this case where inheritance is distributed independently among heirs. Life interest refers to an estate whose duration is limited to the life of a specified individual, which is not relevant in the context of inheriting an estate under an anti-lapse statute. Therefore, tenancy in common accurately describes the interest that arises under these circumstances.