life interest

life interest
life interest see interest 1

Merriam-Webster’s Dictionary of Law. . 1996.

life interest
n.
A claim to or interest in property that ends at the death of the person holding the interest or of some other person; see also life estate, life tenant

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


life interest
an interest in property, whether real or personal, conferring the right to the use of that property and the right to take the income or fruits or produce of that property for the period of the beneficiary's life. In English law, life interests, whether in realty or personalty, can exist only behind trusts. In Australia and New Zealand, while it remains technically possible to constitute legal life interests, the practice is for them to be made to take effect under a trust. The holder of a life interest is referred to as a life tenant; if a life tenant assigns his interest to a third party, that third party is said to have an interest pur autre vie.

Collins dictionary of law. . 2001.


life interest
England, Wales
A trust law principle that has UK taxation implications. A beneficiary of a trust has a life interest if they have the immediate right to receive the income arising from the trust property, or have the use and enjoyment of it. In spite of the name, a life interest is not necessarily for life, although it can be.
See also

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.


life interest
n. A property interest granted for the duration of a person's life.

Webster's New World Law Dictionary. . 2000.

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Look at other dictionaries:

  • Life interest — Life Life (l[imac]f), n.; pl. {Lives} (l[imac]vz). [AS. l[imac]f; akin to D. lijf body, G. leib body, MHG. l[imac]p life, body, OHG. l[imac]b life, Icel. l[imac]f, life, body, Sw. lif, Dan. liv, and E. live, v. [root]119. See {Live}, and cf.… …   The Collaborative International Dictionary of English

  • life interest — n. interest (in property) that is payable during a person s lifetime, but which cannot be passed on to another at death …   English World dictionary

  • Life interest — A life interest (or life rent in Scotland) is some form of right 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… …   Wikipedia

  • life interest trust — A type of private trust where the life tenant is entitled to receive for life or a fixed period all or a fixed share of the income generated by the trust fund. On his death, the right to trust income will pass to another or the trust may come to… …   Law dictionary

  • life-interest — lifeˈ inˈterest noun An interest lasting during a life • • • Main Entry: ↑life …   Useful english dictionary

  • life interest — interest on property that is payable during the owner s lifetime but cannot be passed on to another or others after his or her death. * * * …   Universalium

  • life interest — An interest in property which is to terminate upon the death of the holder of the interest, or upon the death of some other designated person. See life estate …   Ballentine's law dictionary

  • life interest — /laɪf ˈɪntrəst/ (say luyf intruhst) noun an entitlement, lasting for one s lifetime only, to benefits, dividends or interest from an investment, property, etc …  

  • life interest — noun Law a right to property that a person holds for life but cannot dispose of further …   English new terms dictionary

  • life interest — noun see life estate …   Useful english dictionary

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