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Study hard, for the well is deep, and our brains are shallow.
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Legal Definitions - lives in being
The end of law is not to abolish or restrain, but to preserve and enlarge freedom.
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Definition of lives in being
Definition: Lives in being refers to individuals who are alive at the time of a particular conveyance of real property. This means that the property can only be passed on to people who are currently alive.
- John wants to leave his house to his children. However, he can only leave it to his children who are currently alive at the time of his passing. If any of his children have already passed away, their share of the property will go to their own children.
- A wealthy landowner wants to donate a piece of land to a conservationorganization. The land can only be given to individuals who are currently alive and can maintain the land for conservation purposes.
These examples illustrate how the term "lives in being" is used in real estate and property law. It ensures that property is only passed on to individuals who are currently alive and able to take ownership or maintain the property.
Success in law school is 10% intelligence and 90% persistence.
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Simple Definition
Term: Lives in Being
Definition: When someone owns a piece of land, they can transfer ownership to someone else. However, the transfer can only happen if there are people alive who could potentially inherit the land. These people are called "lives in being." For example, if a person wants to give their land to their children, they can only do so if their children are alive at the time of the transfer. If the children are not alive, the land cannot be transferred to them.
If the law is on your side, pound the law. If the facts are on your side, pound the facts. If neither the law nor the facts are on your side, pound the table.
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