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Reserving Life Estate
I, grantor, ___, do by these presents grant, assign, convey, alien, transfer and set over unto ___, my daughters, as trustees, and the survivor or survivors of them, all and singular the stocks, bonds, promissory notes, debts, choses in action, evidences of debt, property and effects of every description, real, personal and mixed, belonging to me, grantor, wherever the same may be situated, except my personal goods and chattels and household effects, in trust, nevertheless, with ...
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Grant of Life Estate in Exchange for Other Property of Life Tenant
This agreement is made ___[date], between ___, of ___[address], ___[city], ___ county, ___[state], ("grantor"), and ___, of ___[address], ___[city], ___ county, ___[state], ("grantee"). 1. For and in consideration of the conveyance, coincident with this agreement, of real property situated at ___[address], ___[city], ___ county, ___[state], to grantor by grantee, grantor grants to grant
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Deed of Remainder Interest
This deed is made [date], by ___, as the owner of the remainder interest in real property, ("grantor"), of ___[address], ___[city], ___ county, ___[state], to ___, of ___[address], ___[city], ___ county, ___[state], ("grantee"). Grantor, in consideration of $___ paid to grantor, receipt of which is acknowledged, grants, sells and conveys to grantee grantor's remainder interest in real property situated in ___
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Lease by Life Tenant and Owner of Remainder Interest Or Reversioner
Lease by life tenant and owner of remainder interest or reversioner. Indenture made [Date], between ___ of ___, called life tenant; and ___ of ___, called reversioner [or owner of remainder interest]; and ___ of ___, called lessee. And lessee does for himself [or herself], lessee's heirs, executors, and administrators, covenant with life tenant, life tenant's executors, administrators, and assigns, and also with reversioner, reversioner's heirs and assigns...
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Deed of Reversionary Interest
This deed is made [date], by ___, as reversioner, ("grantor"), of ___[address], ___[city], ___ county, ___[state], to ___, of ___[address], ___[city], ___ county, ___[state] ("grantee"). Grantor, in consideration of $___ paid to grantor, receipt of which is acknowledged, grants, sells and conveys to grantee grantor's reversionary interest in real property situated in ___ county, ___[state], described as
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Agreement by Owner of Remainder Interest to Pay Life Tenant for Improvements
Agreement by owner of remainder interest to pay life tenant for improvements. A. Life tenant is the owner of a life estate in certain real property by virtue of ___[describe method of creation of life estate]. B. Owner of remainder interest is the owner of the remainder interest in the same real property, which remainder interest was created by the same instrument that created the life estate.
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Life Estate Then Principal to Children of Life Tenant
Life estate then principal to children of life tenant. The income of the trust fund hereby created is not to be subject to assignment by ___[life tenant]. The trustee is to have sole and absolute control and discretion in making investments for the trust fund, the sale of investments and the reinvestment of the proceeds.
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In Corporate Stock
My spouse shall have full authority to sell, transfer, and exchange the property and to reinvest the proceeds and to manage and control the property, reinvestments and proceeds, and to exercise all rights and powers of ownership with respect to it. The proceeds and all reinvestments shall likewise be subject to a life interest in my spouse with remainder over as stated. The described shares of stock and any other shares of stock in which my spouse may have a life interest pursuant to the ...
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Management
To A, for the period of his [or her] natural life, I give and devise the full beneficial use of ___, and direct that A, during his [or her] lifetime, shall have the full management of all the lands, so long as he [or she] shall properly manage same, and keep the improvements on it in reasonably good repair and insured against fire and windstorm for their full insurable value, keeping prepaid policies for it at all times in the hands of the trustee, and so long as he [or she] shall keep ...
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Powers of Life Tenant
Each of the life tenants, ___ and ___, shall have full power and authority, during her [or his] life, but separately and each only with respect to those shares or that share which she [or he] shall then possess and enjoy as the then life tenant, generally to manage, control, invest, and reinvest the principal of such share or shares including, without implied limitation, full power and authority to sell, convey, exchange, or otherwise dispose of the property comprised in such ...
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