MLchartDataset catalogue

Lives in being

Term · Law · MLC-T-LAW-003079

Individuals who are alive at the time a legal instrument, such as a will or trust, becomes effective. This concept is central to the Rule Against Perpetuities, which prevents property interests from being tied up indefinitely in the future. The measuring lives must be identifiable and ascertainable.

Table 1. Record
IdentifierMLC-T-LAW-003079
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003079",
  "term": "Lives in being",
  "field": "Law",
  "definition": "Individuals who are alive at the time a legal instrument, such as a will or trust, becomes effective. This concept is central to the Rule Against Perpetuities, which prevents property interests from being tied up indefinitely in the future. The measuring lives must be identifiable and ascertainable.",
  "url": "https://mlchart.com/terminology/law/lives-in-being/"
}

Record 3,039 of 5,441 in Law terminology (MLC-0107). Request the full dataset.