life tenant
61Fee tail — Entail redirects here. For other uses, see Entail (disambiguation). Property law …
62Rule in Shelley's Case — The Rule in Shelley s Case is a rule of law that may apply to certain future interests in real property and trusts created in common law jurisdictions. [Moynihan, Cornelius, Introduction to the Law of Real Property , 3d Edition, West Group (St.… …
63Rule in Allhusen v Whittell — The rule in Allhusen v Whitell (1867) LR 4 Eq 295 is a rule of equity which requires the trustee of a trust to strike a fair balance between the beneficiaries who are tenants for life and those who are remaindermen in respect of payment of the… …
64common law — 1. the system of law originating in England, as distinct from the civil or Roman law and the canon or ecclesiastical law. 2. the unwritten law, esp. of England, based on custom or court decision, as distinct from statute law. 3. the law… …
65waste — n 1: destruction of or damage to property that is caused by the act or omission of one (as a lessee, mortgagor, or life tenant) having a lesser estate and is usu. to the injury of another (as an heir, mortgagee, or remainderman) with an interest… …
66Open mines doctrine — Property law Part of …
67Express trust — Where property is passed to a person but no gift is made, it is held for the owner, this is the Resulting trust; where property should for some reason of public policy or fairness or rule of Equity be held for someone other than the legal owner,… …
68Rule in Re Atkinson — The rule in Re Atkinson [1904] 22 160 is a rule of equity relating to the disposition by the trustees of an authorised mortgage security where the security forms part of a trust fund, and the beneficiaries of the trust fund include a tenant for… …
69settled property — Property that is included in an interest in possession trust. A person entitled to benefit from the settled property is known as the life tenant. When the estate of the life tenant is assessed for inheritance tax, the value of the settled… …
70undisbursed income — Income retained in the estate by executor or trustee. Under a provision in a will that any undisbursed income should be paid to the residuary estate after the death of the life tenant, the words will be taken to mean any income not actually paid… …
