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The ownership of a life estate is of limited duration because it ends at the death of a person. Its owner is the life tenant (typically also the 'measuring life') and it carries with it right to enjoy certain benefits of ownership of the property, chiefly income derived from rent or other uses of the property and the right of occupation, during his or her possession.
The building, now known as the Journal Record Building, is located in downtown Oklahoma City and is listed on the National Register of Historic Places. In 1958, Home State Life Insurance Company was acquired by American General Life Insurance Company, a Houston-based insurance company.
The Mid-Continent Life Building is a historic building at 1400 Classen Drive in Heritage Hills, Oklahoma City, Oklahoma.It was built by Col. R.T. Stuart, who was the founder of the Mid-Continent Life Insurance Co to house his company and was designed by Solomon Layton and opened in 1927.
An enhanced life estate deed, often referred to as a “Lady Bird” deed, is a legal document utilized in some areas to streamline the transfer of property ownership. This deed simplifies the ...
The legal term “pur autre vie” means “for the life of another” in French and when used in property law refers to a life estate that a grantor bestows on another person, known as a life ...
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The E.W. Marland Mansion is a 43,561 square feet (4,046.9 m 2) Mediterranean Revival-style mansion located in Ponca City, Oklahoma, United States.Built by oil baron and philanthropist Ernest Whitworth (E.W.) Marland, as a display of wealth at the peak of the 1920s oil boom, the house is one of the largest residences in the southwestern United States, and is known as the "Palace on the Prairie."
The Uniform Simultaneous Death Act is a uniform act enacted in some U.S. states to alleviate the problem of simultaneous death in determining inheritance.. The Act specifies that, if two or more people die within 120 hours of one another, and no will or other document provides for this situation explicitly, each is considered to have predeceased the others.