Grantor - Law Dictionary Search Results
Consideration
by deed or registration now, the legal completion of the transaction did and does not, as between the grantor and grantee, import either consideration or evidence that the grantor intended to divest himself of the beneficial ownership.
fee simple
fee that automatically terminates upon the occurrence of a specified event or condition and which reverts to the grantor compare estate on condition at estate NOTE: A fee simple determinable is conveyed by language which states that
power
under specified circumstances (as upon the default of a mortgage) power of termination : a power of a grantor or the grantor's successors in interest to enter upon an estate that was granted upon a condition after
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worthier title
an estate that is the same as the estate he or she would receive by descent if the grantor died without a will receives the property by descent rather than by devise since descent has been thought
Administrative control rule
Administrative control rule, means the rule making the grantor of a trust liable for tax if the grantor retains control that may be exercised primarily for the
Reversion
of those lands shall, on the deter-mination of the granted interest or estate, return, or revert to the grantor. This interest is what is called the grantor's reversion, or more properly, his right of reverter, which, however,
Trust
such part or interest was intended for the benefit of the grantee or any person other than the grantor himself. See CONSIDERATION (last paragraph). Trusts are also divisible into: (1) permanent, when there is a continuing duty
Deed
stated in the first, unless it can be apportioned amongst the different testata. 2. The name of the grantor. 3. The operative words of transfer. 4. The name of the grantee, with appropriate words of limitation (if
Will, Estate at
This estate entitled the grantee or lessee to the possession of land during the pleasure of both the grantor and himself, yet it creates no sure or durable right, and is bounded by no definite limits as
Remainder
such a remainder not amounting to a freehold, no freehold estate appears requisite to pass out of the grantor in order to give effect to a chattel remainder. An (English) Act of 1844 (7 & 8 Vict.
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