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In property law, a concurrent estate or co-tenancy is any of various ways in which property is owned by more than one person at a time. If more than one person owns the same property, they are commonly referred to as co-owners.
In cases of partial vesting, a "vesting schedule" is a table or chart showing the portion of a right that is vested over time; typically the schedule provides for equal portions to vest on periodic vesting dates, usually once per day, month, quarter, or year, in stairstep fashion over the course of the vesting period.
Case history; Prior: Earl v. Commissioner, 30 F.2d 898 (9th Cir. 1929); cert. granted, 280 U.S. 538 (1929).: Holding; All of a husband's earnings are to be taxed to husband even though husband and wife had previously entered into an agreement under which all earnings of husband and wife “shall be treated and considered and hereby is declared to be received, held, taken, and owned by us as ...
"actual occupation for the purposes of section 70 (1) (g) does not include the position of the wife of the legal owner who is in occupation." Any other view, he said, would lead to chaos. I profoundly disagree. Such statements would have been true a hundred years ago when the law regarded husband and wife as one: and the husband as that one.
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The rule against perpetuities serves a number of purposes. First, English courts have long recognized that allowing owners to attach long-lasting contingencies to their property harms the ability of future generations to freely buy and sell the property, since few people would be willing to buy property that had unresolved issues regarding its ownership hanging over it.
With the housing market in shift and some predicting that home prices will dip in the new year, those who have been looking to get their foot in the door of real estate may want to think about...
An Act for vesting in Thomas Rogers Gentleman an absolute Estate of Inheritance, in Fee Simple, in the Manor of West Court, Mansion-house, Messuages, Lands, and Hereditaments, in the County of Kent; and securing to John Higgons Gentleman, Alice his Wife, and for Portions for Irene, Margaret, Mary, and Alice Cesar, Monies in Lieu of their Claims ...