Glossary entry

English term or phrase:

minority and life interest

Polish translation:

brak praw do zachowku dla nieletnich lub praw dożywocia

Added to glossary by Izabela Klodzinska
Jun 4, 2009 08:38
14 yrs ago
6 viewers *
English term

minority and life interest

English to Polish Law/Patents Law (general)
fragment z tesamentu: No minority and no life interest arises undere the Will

Proposed translations

5 hrs
Selected

brak praw do zachowku dla nieletnich lub praw dożywocia

Zasadniczo ja bym przetlumaczyl jak powyzej, ale na 100% nie jestem pewien tego zachowku i dlatego daje tylko confidence high a nie sure.
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4 KudoZ points awarded for this answer. Comment: "Dziękuję"
29 mins

prawo/udział nieletniego oraz prawo użytkowania dożywotniego

Minority interest - udział/prawo osoby nieletniej

7. There is a (or no) minority and a (or) life interest in the estate of the said
namely (set out the minority and life interest, stating the name, age
and interest of each minor entitled).
http://app.supremecourt.gov.sg/data/doc/ManagePage/97/images...

Strona 29 zawiera opis "Minority interest"

http://books.google.pl/books?id=vfOYYNvygeQC&pg=PA45&lpg=PA4...

Life interest - użytkowanie dożywotnie

The doctrine of estates: An ‘estate’ in land is a temporal slice of the bundle of rights and powers exercisable in respect of land (a slice of time). The estate is interposed between the tenant and the land. Thus in England the proprietor of land owns in some strict sense not the land, but rather an ‘estate’ in the land which confers specific rights and powers according to the nature of the ‘estate’.

The life interest: A life interest is coextensive and coterminous with the life of the grantee. From 1925 until the commencement of the Trusts of Land and Appointment of Trustees Act 1996, a life interest could exist only behind a trust for sale or under a strict settlement. From the commencement of the 1996 Act, they will take effect under a ‘trust of land’4. If a life interest is transferred, the interest becomes an interest ‘pur autre vie’: i.e., it lasts for the lifetime of the original grantee.

A life interest (or life rent in Scotland) is some form of right, usually under a trust, which lasts only for the lifetime of the person benefiting from that right. A person with a life interest is known as a life tenant.

A life interest ends when the life tenant dies.

An interest in possession trust is the most common example of a life interest trust. In a typical interest in possession trust, the life tenant receives all the income from the trust for the rest of his or her life. On the life tenant's death, the trust comes to an end, and the capital of the trust is paid to another person, known as the remainderman, as specified by the trust document.
http://en.wikipedia.org/wiki/Life_interest
One form of life interest is a life estate, an ownership interest in property which lasts for the life of the party to whom it has been granted. Unlike the beneficiary of a trust, the owner of a life estate in property has the right to actual possession of the property itself, and may use it as any other owner, subject only to a duty to avoid waste of the property value affecting parties with a future interest.
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