life in being
- Refers to the life of a specific individual, often a direct descendent, who is alive at the time a deed or trust is established or when the person creating a will passes away
- To ensure his property would stay within the family, the patriarch ensured the trust was valid for a 'life in being'.
- The will dictated that the estate would only go to a 'life in being', ensuring a descendent would inherit.
- The 'life in being' provision in the deed meant that current descendants would directly benefit from the property.