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lives in being |
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lives in being Persons who will be alive at the time a transfer of real estate takes place.Under highly technical and infrequently encountered rules of real estate having to do with something called the Rule Against Perpetuties, certain time limits start to run by reference to lives in being. If a gift of real estate is made in a will, then the time limit is measured by the persons alive at the time the will is effective—when the testator dies—not when the will is first signed. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Listing Requirements listor littoral land littoral rights livability space ratio live load livery of seisin lives in being Living benefits living trust Living Will LK LKR Lloyd?s of London Lloyds of London |
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