Life tenant sentence example
- He swept away in doing so many of the advantages which the owner of real estate and the life tenant of settled property had previously enjoyed, and drove home a principle which Goschen had tentatively introduced a few years before by increasing the rate of the duty with the amount of the estate.
- A widow is entitled to a dower in one-third of her husband's real estate, and a widower is life tenant by courtesy of all the real estate of which his wife died seized and not disposed of by her last will, unless she leaves issue by a former husband, to whom the estate might descend, in which case her estate passes immediately to such issue.
- Sometimes the life tenant is the sole executor or trustee.
- If the life tenant is the settlor 's spouse, then the PET will be an exempt transfer under IHTA 1984 s 18.