Life in Being

views updated


A phrase used in the common-law and statutory rules against perpetuities, meaning the remaining duration of the life of a person who is in existence at the time when the deed orwill takes effect.

The courts developed the rule during the seventeenth century in order to limit a person's power to control the ownership and possession of property after death, and to ensure the transferability of property.


Rule Against Perpetuities.

About this article

Life in Being

Updated About content Print Article Share Article