Simple English definitions for legal terms
Read a random definition: praepositor
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.
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.
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.