Person Interested - Law Dictionary Search Results
Assent of personal representatives
Assent of personal representatives, At Common Law the personal estate passing by the will of a deceased person, including chattels real … letters of administration have been granted, and since the will of itself can only pass or affect equitable interests an assent which satisfies the requirements referred to or a conveyance to the like effect by the personal
Executor
Executor. A person appointed by a testator to carry out the directions and requests in his will, and to dispose of … R.S.C. 1883, Ord. III., r. 4]; and he may sue or be sued without joining the parties beneficially interested in the estate (Ord. XVI., r. 8). Consult Williams or Ingpen on Executors, and Chitty's Statutes, tit. 'Executors
Heir
Heir [fr. heire, Old Fr.; h'res, Lat.], a person who succeeds by descent to an estate of inheritance. It is nomen collectivum, and extends to all heirs; … 1926, in deeds and wills executed after 1925, under which the 'heir' may become entitled to an equitable interest in personality and realty corresponding to a real estate by purchase under the old law; see (English) Law
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Attendant term
interest remaining in the trustees, to whom it was at its creation limited, or, if deceased, in their personal representatives; but the person entitled to the inheritance then became, according to equitable principle, entitled to the beneficial … originally created has been satisfied or has failed, yet, not being surrendered, it continued to exit, the legal interest remaining in the trustees, to whom it was at its creation limited, or, if deceased, in their personal
Merger
by act of law, of a particular in an expectant estate consequent upon their union in the same person without an intervening estate in another person--thus accelerating into possession the expectant which swallows up the particular estate. … the commencement of that Act, be any merger by operation of law only of any estate the beneficial interest in which would not be deemed to be merged or extinguished inequity. In equity merger is, and always
Base fee
the failure of the heirs of the body of that donee to take, and upon that failure the persons next entitled in remainder became entitled to the remainder in tail or in fee simple, as the case … January, 1926, these base fees have lost their quality of legal estates and have been reduced to equitable interests by the (English) L.P. Act, 1925, s. 1(32). Under s. 130(1) of that Act, the right to bar
Lawful, Legal
Law Dictionary) Lawful on the other hand is defined as, 'legal, warranted or authorised by law'. Jurisprudentially a person in physical control or de facto possession may have an interest but no right to continue whereas a … some legal basis. The former may be uncertain in character and may even be without any basis or interest but the latter is founded on some rule, sanction or excuse. Dictionarily 'litigious' means 'disputed' (Concise Oxford Dictionary)
Settlement
of giving possession by legal sanction; a jointure granted to a wife; a disposition of either real or personal property or both for the benefit of one person for his life, and after his death for the … the person first named. See last title, and SETTLEMENT ESTATE DUTY. The conveyance of property -- or of interests in property -- to provide for one or more beneficiaries, usu. members of settlor's family in a way
Accumulation
issue of the grantor, settlor or testator, or any child or remoter issue of any person taking any interest under the settlement or other disposition or to whom any interest is thereby limited; or (3) Respecting the … by our law as regards perpetuity and accumulation. See PERPETUITY. The prospective accumulation of income of real or personal estate is restrained by the (English) Law of Property Act, 1925, s. 164, replacing with amendments the (English)
Presentation
Presentation, the offering by the patron of a benefice to the ordinary of a person to be instituted to the benefice. It must be in writing (29 Car. 2, c. 3), and is … devolves upon the personal representative, Mirehouse v. Rennell, (1833) 7 Bli 241, being, indeed, a personal right or interest dis-annexed from the estate in the advowson, and vested in the patron simply as an individual. And where
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