life in being

life in being. Under the rule against perpetuities, anyone alive when a future interest is created, whether or not the person has an interest in the estate. See IN BEING; RULE AGAINST PERPETUITIES. Cf. MEASURING LIFE. [Cases: Perpetuities 4(1). C.J.S. Perpetuities §§ 2, 12, 15–18, 20–24, 27–28, 30, 33, 35–36, 52–53.]

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词条贡献者

译者Peter，毕业于亚洲顶尖的高级翻译学院，擅长翻译各种与复杂金融产品相关的法律文件。