Where the event of bankruptcy is not specifically referred to, a gift over of a life estate, in the event of the grantee alienating or charging his interest, may be so expressed as to effect a forfeiture of the life interest, or bring it to an end, on his bankruptcy1, or as to take effect only if income is in the trustee's hands at the time2, or as not to be effective on his bankruptcy3. However, a mere restriction against alienation in a gift or contract will
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234