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[+] Thieves of Light Built by Barbarians - Leigh Attridge/MA (5 replies)
6/8/2012 8:59:36 AM (3801 views)

[+] Broker yield spread premiums, re-labled - CHARLENE  PERRY/MD (3 replies)
6/7/2012 4:08:07 PM (2076 views)

Fidelity National and kickbacks - CHARLENE  PERRY/MD
6/7/2012 1:41:02 PM (1982 views)

[-] Life Estate - F P/VA (4 replies)
6/7/2012 10:17:34 AM (2282 views)
Re: Life Estate - F P/VA
6/7/2012 10:26:20 AM (2737 views)
Re: Life Estate - F P/VA
6/7/2012 11:01:00 AM (2629 views)
Re: Life Estate - Robert Franco/OH
6/7/2012 4:23:14 PM (2730 views)

Very interesting. I think it would help to break it down and take a look at the interest each person held after each conveyance. The following is my opinion, based on common law, but state law may require a different result.

Also, you reference Ralph Alan Lloyd and Ralph Allen Lloyd. I have assumed that was a typo, which is incredibly easy to do with all of these names. I am also assuming Robert Lee Lloyd is Robert Lee Lloyd, Sr. where it does not specify Jr. or Sr.

1. Robert Larry Lloyd holds a life esate and Ralph Alan Lloyd and Robert Lee Lloyd, Jr. have a vested remainder.

2. Robert Larry Lloyd no longer has an interest. Robert Lee Lloyd and Doris Lloyd hold a life estate pur autre vie for the life of Robert Larry Lloyd. Ralph Alan Lloyd and Robert Lee Lloyd, Jr. still have a vested remainder.

3. The heirs of Robert Lee Lloyd and Doris Lloyd hold a life estate pur autre vie for the life of Robert Larry Lloyd. Ralph Alan Lloyd and Robert Lee Lloyd, Jr. still have a vested remainder.

4. Doris Lloyd, Ralph Allen Lloyd, and Robert Lee Lloyd, Jr. (assuming they and Ralph Alan Lloyd are the only heirs of Rober Lee Lloyd, Sr.) conveyed their life estate pur autre vie, and Ralph Alan Lloyd and Robert Lee Lloyd, Jr. conveyed their remainder interest, to Ralph Alan Lloyd. Thus the life estate and remainder interests have merged to create fee simple title in severalty held by Ralph Alan Lloyd.

5. This should confirm that there are not other heirs who may have inherited Robert Lee Lloyd, Sr.'s life estate pur autre vie.

Your analysis is close, I think that you are correct in that Ralph Alan Lloyd owns the property by himself (a fee simply in severalty). And, Robert Larry Lloyd did not need to join in the execution of Deed #4 because he conveyed his life estate in Deed #2. However, when Robert Larry Lloyd conveyed his life estate, it did not void the remainder; it converted it to a life estate pur autre vie (for the life of another) for which there was still a remainder.

Thank you for posting this one... what a doozie! Looks like it came straight off a law school Property final exam.

Best,
Robert A. Franco
SOURCE OF TITLE

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Re: Life Estate - F P/VA
6/7/2012 5:47:17 PM (2463 views)

Marion Sandler, Home Lender Who Made Billions, Dies at 81 - Scott Perry/PA
6/7/2012 9:32:22 AM (3245 views)




[+] Assessor's Office in the Basement - Jay D/MO (4 replies)
6/5/2012 7:58:57 PM (2219 views)

[+] Middlesex North Registry of Deeds computer malfunctioning - Leigh Attridge/MA (7 replies)
6/5/2012 3:16:16 PM (2276 views)

EPA defends aerial surveillance - Scott Perry/PA
6/5/2012 7:45:54 AM (3116 views)

[+] New Value for Land in Rural Ohio - Leigh Attridge/MA (5 replies)
6/5/2012 7:30:23 AM (3538 views)

[+] Comment on ""You Didn't Really Want That Tree, Did You?"" - Source of Title/OH (8 replies)
6/4/2012 5:20:40 PM (1946 views)

Jersey City, Boonton in dispute over repairing cliff that threatens to damage properties - Scott Perry/PA
6/4/2012 9:20:58 AM (2962 views)

If These Barns Could Talk - Leigh Attridge/MA
6/3/2012 9:04:44 AM (3034 views)

The Mortgage Fraud Fraud - Leigh Attridge/MA
6/2/2012 10:24:11 PM (3349 views)

BBB Warns Consumers about Letters from Senior Advisory Center - Scott Perry/PA
6/2/2012 12:04:27 AM (3239 views)

New York landowners seek to overturn fracking ban - Scott Perry/PA
6/1/2012 1:27:03 PM (1669 views)


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