They were also granted Monkleigh Woods for ?9 13s 6d, representing 20 years'purchase Fulford and Coles paid the purchase price in full on 2 June 1544 and just one week later obtained royal licence to alienate to James Coffin of Alwington, the life tenant.
42.
For example, a mansion may not be stripped of its glass, timber or pipes ( " Vane v Lord barnard " ), nor may trees of an ornamental value be cut down by the life tenant ( " Turner v Wright " ) .!
43.
A life tenant with " dominium directum " of an estate may make reasonable use of resources, which means roughly renewable or trivial usage : the culling of firewood in the midst of an expansive forest, or the extraction of coal sufficient for home use from a fecund mine.
44.
He considered the matter of apportioning the 4, 600 pounds from the sale of the first farm as between the life tenants ( who were entitled to interest arising ) and the remainderman ( who was entitled to the capital, after the last of the life tenants had died ).
45.
He considered the matter of apportioning the 4, 600 pounds from the sale of the first farm as between the life tenants ( who were entitled to interest arising ) and the remainderman ( who was entitled to the capital, after the last of the life tenants had died ).
46.
The problem with speculative and wasting securities is still the same today, but the rule requires that unauthorised investments to be sold in order to " protect " the capital for the benefit of the remainderman, and it deprives the life tenant of the higher income to be earned from such investments.
47.
Moreover, Ms . Levine said, the life tenant is responsible for paying the costs of owning the property _ including mortgage payments, property taxes, and hazard insurance premiums _ as well as for maintaining the property by doing things like shoveling the walk and keeping the heat on in winter so the pipes don't freeze.
48.
Ellen Siev Belson, an elder-law lawyer in Stamford, said that another advantage of using a life estate as opposed to a fee simple transfer when putting a house in the names of one's children is that with a life estate, the life tenant can remain in the house for life even if creditors obtain judgments against the children.
49.
The first farm was sold for 4, 600 pounds, and in 1903 the nieces and nephews as life tenants took out a further summons to determine ( amongst other things ) the entitlement as between the life tenants ( entitled to the income ) and the remainderman ( entitled to the capital ) in relation to those proceeds of sale.
50.
The first farm was sold for 4, 600 pounds, and in 1903 the nieces and nephews as life tenants took out a further summons to determine ( amongst other things ) the entitlement as between the life tenants ( entitled to the income ) and the remainderman ( entitled to the capital ) in relation to those proceeds of sale.
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