Article 5. LIFE ESTATES  

LAW REVIEWS. --For article surveying Georgia cases in the area of real property from June 1977 through May 1978, see 30 Mercer L. Rev. 167 (1978).
 
JUDICIAL DECISIONS
 
LIMITATIONS ON RIGHTS OF EXECUTORS AND LIFE TENANTS TO ALIENATE ESTATE. --Neither an executor nor a trustee has authority to enter into a contract granting an option to purchase land belonging to an estate, absent an express grant of such power. By analogy, unless express authority is granted, the life tenant with other broad authority does not have the power to will the property at the life tenant's death, nor to lease property for a time extending beyond the life tenant's own term; such leases have been described as "absolutely void" after the life tenant's death. Phillips v. Sexton, 243 Ga. 501, 255 S.E.2d 15 (1979).
 
RESEARCH REFERENCES
 
ALR. --Lease of property as ademption or revocation of devise, 8 ALR 1638.
   Requiring security from life tenant for protection of remaindermen, 14 ALR 1066; 101 ALR 271; 138 ALR 440.
   Duty of life tenant or life beneficiary to pay taxes, 17 ALR 1384; 94 ALR 311; 126 ALR 862.
   Right of one who furnishes support to another entitled to life support from property, as against such property or the owners of present or future estates therein, 31 ALR 658.
   Absolute power of disposition in life tenant as elevating life estate to fee, 36 ALR 1176.
   Right of remainderman or his privies to require disclosure or accounting by life tenant, 45 ALR 519.
   Relative rights of income or life beneficiary and of corpus or remaindermen in return on bonds or other obligations for the payment of money, and in profits from a sale thereof, and corresponding duties of trustee, 48 ALR 689; 131 ALR 1426.
   Life tenant's liability for waste as affected by assignment or transfer of his interest, 71 ALR 1187.
   Taking or holding by one spouse of an interest or estate terminable at death as constituting fraud on marital rights of the other spouse in the estate of the former, 79 ALR 377.
   Duty of life tenant or life beneficiary to pay taxes, 94 ALR 311; 126 ALR 862.
   Life interest and remainder in corporate stock as affecting stockholder's statutory liability, 99 ALR 505.
   Income tax in respect of that part of extraordinary cash dividend on stock held by trustee that is allocated to corpus as regards respective rights of life beneficiary and remaindermen, 99 ALR 518.
   Construction of provisions of will or other instrument creating trust to effect that losses or depreciation of corpus shall be made good out of income, 99 ALR 718.
   Relative rights of life beneficiary and remainderman as to return on bonds or other obligations for the payment of money, bought at a premium or at a discount, 101 ALR 7; 131 ALR 1426.
   Commutation of life tenant's interest in fund realized from sale of property into estimated present value, 102 ALR 969.
   Rights and duties of life tenant with power to anticipate or enjoy principal, 114 ALR 946.
   Rights of life tenant (legal or equitable) and remaindermen in respect of amount paid by lessee in consideration of release, 121 ALR 900.
   Apportionment of income where right to income commences or ends during accrual period, 126 ALR 12.
   Rights, duties, and liabilities of life tenant (legal or equitable) and remaindermen in respect of property insurance or proceeds thereof, 126 ALR 336.
   Rights, powers, and duties in respect of sale or transfer of corporate stock in which one holds a legal life estate, 126 ALR 1298.
   Disposition of decedent's share of income or property during interval between deaths of life beneficiaries sharing therein, where remainder was given over after death of all life beneficiaries, 140 ALR 841; 71 ALR2d 1332.
   Rule in Shelley's Case as affected by failure of life estate prior to operative date of instrument, 145 ALR 1227.
   Provision of will for life beneficiary as giving him a legal life estate or as creating a trust, 147 ALR 605.
   Uniform Principal and Income Act as applicable to estates under administration, 166 ALR 428.
   Invasion of principal in behalf of income beneficiary, absent or contrary to provision of trust instrument in that regard, 1 ALR2d 1328.
   Murder of life tenant by remainderman or reversioner as affecting latter's right to remainder or reversion, 24 ALR2d 1120.
   What acts, claims, circumstances, instruments, color of title, judgment, or thing of record will ground adverse possession in a life tenant as against remaindermen or reversioners, 58 ALR2d 299.
   Grant, reservation, or exception as creating separate and independent legal estate in solid minerals or as passing only incorporeal privilege or license, 66 ALR2d 978.
   Disposition of decedent's share of income or property during interval between deaths of life beneficiaries sharing therein, where remainder was given over after death of all life beneficiaries, 71 ALR2d 1332.
   Validity of life tenant's exercise of power of sale as affected by fact that conveyance is, directly or indirectly, to him, his spouse, or his relative, 89 ALR2d 649.
   Distribution as between life tenant and remainderman of proceeds of condemned property, 91 ALR2d 963.
   Duty as between life tenant and remainderman as respects payment of improvement assessments, 10 ALR3d 1309.
   Implication of right of life tenant to entrench upon or dispose of corpus from language contemplating possible diminution or elimination of gift over, 31 ALR3d 6.
   Rights as between estate of life tenant and remainderman in respect of proceeds of sale or disposition made in exercise of power given life tenant, 47 ALR3d 1078.
   Court's power to order sale of property subject to legal life estate, in order to relieve economic distress of life tenant, 57 ALR3d 1189.
   Right of life tenant with power to anticipate or consume principal to dispose of it by inter vivos gift, 83 ALR3d 135.