Life estate in favor of ________________________ created by ____________. If said person is alive, he or she must join in the execution of the proposed instrument; if said person is deceased, satisfactory proof of the fact of death and of the date thereof must be made a matter of record either by separate affidavit or by an adequate recital in the proposed deed or mortgage. At that time, the Company may make additional requirements or exceptions.
Comment: If a separate life estate has been created by a conveyance or reservation, you must ascertain that there is no issue of delivery of the instrument or of competency of the grantor who created that interest.