Lawrence and Norma Erdman had eight children and a parcel of lakefront property. Over an eight-day period in 1980, the Erdmans signed three separate transfer documents regarding this property.
First, they signed a warranty deed conveying the property to one son, Wayne, and his wife.
Eight days later, they signed a quitclaim deed transferring the property to this same son and his wife for $1; however, on the same day they signed the quitclaim, the Erdmans also signed a lease agreement with their other seven children, which would allow the other seven to lease the property for 50 years, according to court records.
Legally speaking, the sequence of events actually transferred the property to Wayne and his wife free and clear of the 50-year lease to his siblings.