Life in Being
LIFE IN BEING
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.
cross-references
More From encyclopedia.com
Rule , rule / roōl/ • n. 1. one of a set of explicit or understood regulations or principles governing conduct within a particular activity or sphere: the r… Reversion , re·ver·sion / riˈvərzhən/ • n. 1. a return to a previous state, practice, or belief: there was some reversion to polytheism | [in sing.] a reversion… Embezzlement , The fraudulent conversion of another's property by a person who is in a position of trust, such as an agent or employee.
Embezzlement is distinguishe… Slide Rule , Pocket calculators only came into common use in the 1970s. Digital computers first appeared in the 1940s, but were not in widespread use by the gener… Wills , Wills
WILLS (Heb. צַוָּאָה). A will is a person's disposition of his property in favor of another in such manner that the testator retains the proper… Lien , LIEN
LIEN (Heb. שִׁעְבּוּד נְכָסִים, Shibud Nekhasim).
The Concept
Jewish law enables the creditor to exercise a lien over all the debtor's property,…
You Might Also Like
NEARBY TERMS
Life in Being