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The ownership of a life estate is of limited duration because it ends at the death of a person. Its owner is the life tenant (typically also the 'measuring life') and it carries with it right to enjoy certain benefits of ownership of the property, chiefly income derived from rent or other uses of the property and the right of occupation, during his or her possession.
An enhanced life estate deed or “Lady Bird” deed is a nuanced estate planning tool that allows the original owner of a property to retain control of it while they’re alive but automatically ...
David Clements Fulton (February 1, 1838 – March 30, 1899) was an American banker and politician. He was the 16th mayor of Hudson, Wisconsin, and represented St. Croix County in the Wisconsin State Assembly during the 1873 session. [1]
The Uniform Probate Code (commonly abbreviated UPC) is a uniform act drafted by National Conference of Commissioners on Uniform State Laws (NCCUSL) governing inheritance and the decedents' estates in the United States.
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. [1]: 181 It was applied as early as 1366 in The Provost of Beverly's Case [1]: 182 [2] but in its present form is derived from Shelley's Case (1581), [3] in which counsel stated the rule as follows:
The Uniform Simultaneous Death Act is a uniform act enacted in some U.S. states to alleviate the problem of simultaneous death in determining inheritance.. The Act specifies that, if two or more people die within 120 hours of one another, and no will or other document provides for this situation explicitly, each is considered to have predeceased the others.
The final text of the Uniform Trust Code (UTC) was approved by the ULC commissioners in August 2000. The American Bar Association's House of Delegates officially endorsed the UTC in February 2001. The following months saw the finalization of detailed interpretive comments in April 2001 and minor clean-up revisions in August 2001. [ 2 ]
William Wallace Robinson, Sr., (December 14, 1819 – April 27, 1903) was a Union Army officer and American diplomat. He commanded the 7th Wisconsin Infantry Regiment in the famed Iron Brigade of the Army of the Potomac through most of the Civil War, and was U.S. consul to the Merina Kingdom of Madagascar for 12 years (1875–1887).