Wright v. Huskey

MATHERNE, Presiding Judge.

The basic issue before the Court is whether an instrument, couched in terms normally associated with deeds, which purports to convey realty to named grantees but reserves in the grantor a life estate and the unlimited power to sell is testamentary in character.

The chancellor held that the instrument was a deed which conveyed a present vested remainder to the grantees with the reservation of the absolute power to revoke the conveyance of the remainder interest by sale during the life of the grantor. The chancellor held that the grantor holds a life estate in the…