Dear Paul,
Thank you so very much for your kind reply and explaining that to me.
Can I please just re-cap your reply, to make sure I fully understand what you are saying:
The trustees were party to the conveyance on sale, so this would mean the interests of the beneficiaries of the trust were transferred to the proceeds of sale, and the property freed from the terms of the trust. Thus meaning George and his successors in title should have no interest or ongoing connection with the trust.
Annie was a Tennant For Life In Possession but one of the deeds say the property was in the occupation of Mr Taylor.
Is this suggesting Annie is allowed to take the rents from the property until she dies & it’s not suggesting she lives in the property until she dies?
Apologies for my lack of intelligence here, I assume this means George and his successors have no claim in any money arising from those profits? That is purely personal to Annie and the Trust/Trustees?
I do agree that a detailed review of both the land titles and the use of the land since 1900 is definitely required… can I just quickly ask, in your opinion…
is the wording of remainder or reversion expectant purely to do with the trust/life tenancy or could it have some relevancy to the uses of property 1 & 2 and that is why you also recommend a detailed review of both the land titles?
I notice you said it would appear legal title to the land was held by Annie. In 1927 she held legal title to a section of land/building. When we purchase our property it includes this section even though property No 1 is in occupation and believe they have been since at least approx 1910.
The LR have updated No 1’s title plan siting a mistake but I genuine believe the deeds clearly show this has alwys been on the Land of No 2. I don’t know if relavent but I learn Annie dies in 1987.
Once again, thank you so much