[WSBARP] What was transferred.

[Jeff at bellanddavispllc.com]

This has to be a law school question.  Mom transfers her real property to
her children, reserving in herself a life estate.  The Bargain and Sale Deed
goes onto to say:

 

"Further Reserving unto Grantor for Grantor's life the full power and right,
in Grantor's absolute discretion, by her act and signature alone to sell,
convey, lease, mortgage, encumber or otherwise to manage and dispose of the
Property, or any portion thereof, and the proceeds therefrom, to the same
extent and in the same manner that Grantor would enjoy if the Property were
Grantor's sole and separate property."  

 

Seems to me nothing was transferred; It seems like a weird type of transfer
on death deed.  Your thoughts.

 

Jeff Davis

 

W. Jeff Davis

BELL & DAVIS PLLC

Attorneys at Law
P.O. Box 510

720 E. Washington Street, Suite 105
Sequim WA 98382
Phone: (360) 683.1129 
Fax: (360) 683.1258 
email:  <mailto:jeff at bellanddavispllc.com> jeff at bellanddavispllc.com
 <http://www.bellanddavispllc.com/> www.bellanddavispllc.com
 
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