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<p class="MsoNormal">Wow! Two of my favorites—future interests and French!<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">I’m with Dwight on this. A life estate holder may encumber their interest. And they may lease their interest out. The associated risk is a matter of time vis-a-vie (see, more French!) the age and/or health of the life tenant. Shorter
is better seems to me.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Of course, those wishing to loan to a life tenant with a deed of trust against the property, even with title insurance, are taking a big risk without the consent of the future interest holder.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Copperplate Gothic Light",sans-serif">Catherine “Cat” Clark<br>
Law Office of Catherine C. Clark PLLC<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Copperplate Gothic Light",sans-serif;color:#1F3864">110 Prefontaine Place South, Ste. 304</span><span style="font-size:12.0pt;font-family:"Copperplate Gothic Light",sans-serif"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Copperplate Gothic Light",sans-serif;color:#1F3864">Seattle, WA 98104</span><span style="font-size:12.0pt;font-family:"Copperplate Gothic Light",sans-serif"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Copperplate Gothic Light",sans-serif">Phone: (206) 838-2528<br>
Cell: (206) 409-8938<br>
Email: </span><a href="mailto:cat@loccc.com"><span style="font-size:12.0pt;font-family:"Copperplate Gothic Light",sans-serif">cat@loccc.com</span></a><span style="font-size:12.0pt;font-family:"Copperplate Gothic Light",sans-serif"><br>
</span><br>
<br>
<span style="font-size:10.5pt;font-family:"Copperplate Gothic Light",sans-serif;color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Copperplate Gothic Light",sans-serif;color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Copperplate Gothic Light",sans-serif;color:#1F497D">NOTICE: The information contained in this electronic information transmission is confidential. If you are not the intended recipient, or the
employee or agent responsible for delivering it to the intended recipient, you are hereby notified that any use, dissemination, distribution or copying of this communication is prohibited. If you received this communication in error, please immediately notify
the sender by telephone at (206) 838-2528. Thank you.<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal"><b>From:</b> wsbarp-bounces@lists.wsbarppt.com <wsbarp-bounces@lists.wsbarppt.com>
<b>On Behalf Of </b>Dwight Bickel<br>
<b>Sent:</b> Thursday, September 01, 2022 11:16 AM<br>
<b>To:</b> WSBA Real Property Listserv <wsbarp@lists.wsbarppt.com><br>
<b>Subject:</b> Re: [WSBARP] [WSBAPT] What the heck<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">by definition in most cases a life estate means the grantee cannot dispose of his or her interest during life
<o:p></o:p></p>
<p class="MsoNormal"><span style="font-family:"Verdana",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Verdana",sans-serif">On the contrary, a life estate holder is free to convey during lifetime. It’s called “life estate pur autre vie.” The life estate owner may encumber also. I insured a deed of trust for more
than a million dollars secured by an apartment building owned by the life estate owner, without joinder by the future estate owner.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Verdana",sans-serif"><o:p> </o:p></span></p>
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<p class="MsoNormal" style="background:white;vertical-align:baseline"><span style="font-family:"Verdana",sans-serif;color:#002060">Dwight A. Bickel<o:p></o:p></span></p>
<p class="MsoNormal" style="background:white;vertical-align:baseline"><span style="font-family:"Verdana",sans-serif;color:#002060">Real Property Title Advisor<o:p></o:p></span></p>
<p class="MsoNormal" style="background:white;vertical-align:baseline"><span style="font-family:"Verdana",sans-serif;color:#002060">Washington Title Professional<o:p></o:p></span></p>
<p class="MsoNormal" style="background:white;vertical-align:baseline"><span style="color:black"><a href="mailto:Dwight@DwightBickel.com"><span style="font-family:"Verdana",sans-serif;color:#002060;border:none windowtext 1.0pt;padding:0in">Dwight@DwightBickel.com</span></a></span><span style="font-family:"Verdana",sans-serif;color:#002060"><o:p></o:p></span></p>
<p class="MsoNormal" style="background:white;vertical-align:baseline"><span style="font-family:"Verdana",sans-serif;color:#002060">https:/dwightbickel.com<o:p></o:p></span></p>
<p class="MsoNormal" style="background:white;vertical-align:baseline"><span style="font-family:"Verdana",sans-serif;color:#002060;border:none windowtext 1.0pt;padding:0in">206-484-1976</span><span style="font-family:"Verdana",sans-serif;color:#002060"><o:p></o:p></span></p>
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