Title XXIX OWNERSHIP AND CONVEYANCE OF PROPERTY Chapter 442 Effective - 28 Aug 1939 442.530. Value of life estates — how computed. — When a party as tenant for life, or by the curtesy, or in dower, is entitled to the annual interest on a sum of money, or is entitled to the use of any estate, or part thereof, and is willing to accept a gross sum in lieu thereof, or the party liable for such interest, or affected by such claim, has the right to pay a gross sum in lieu thereof, or if the court in any legal proceedings adjudge or decree a gross sum to be paid in lieu thereof, the sum shall be estimated according to the then value of an annuity of six percent on the principal sum during the probable life of such person, according to the following table, showing the present value, on the basis of six percent interest, of an annuity of one dollar, according to the Carlisle tables of mortality, payable at the end of every year that a person of a given age may be living for the ages therein stated: TABLE Age Present value Age Present value 0 $10.439 52 10.208 1 12.078 53 9.988 2 12.925 54 9.761 3 13.652 55 9.524 4 14.042 56 9.280 5 14.325 57 9.027 6 14.460 58 8.772 7 14.518 59 8.529 8 n stated: TABLE Age Present value Age Present value 0 $10.439 52 10.208 1 12.078 53 9.988 2 12.925 54 9.761 3 13.652 55 9.524 4 14.042 56 9.280 5 14.325 57 9.027 6 14.460 58 8.772 7 14.518 59 8.529 8 14.526 60 8.304 9 14.500 61 8.108 10 14.448 62 7.913 11 14.384 63 7.714 12 14.321 64 7.502 13 14.257 65 7.281 14 14.191 66 7.049 15 14.126 67 6.803 16 14.067 68 6.546 17 14.012 69 6.277 18 13.956 70 5.998 19 13.897 71 5.704 20 13.835 72 5.424 21 13.769 73 5.170 22 13.697 74 4.944 23 13.621 75 4.760 24 13.541 76 4.579 25 13.456 77 4.410 26 13.368 78 4.238 27 13.275 79 4.040 28 13.182 80 3.858 29 13.096 81 3.656 30 13.020 82 3.474 31 12.942 83 3.286 32 12.860 84 3.102 33 12.771 85 2.909 34 12.675 86 2.739 35 12.573 87 2.599 36 12.465 88 2.515 37 12.354 89 2.417 38 12.239 90 2.266 39 12.120 91 2.248 40 12.002 92 2.337 41 11.890 93 2.440 42 11.779 94 2.492 43 11.668 95 2.522 44 11.551 96 2.486 45 11.428 97 2.368 46 11.296 98 2.227 47 11.154 99 2.004 48 10.998 100 1.596 49 10.823 101 1.175 50 10.631 102 0.744 51 10.422 103 0.314 -------- (RSMo 1939 § 3522) Prior revisions: 1929 § 3132; 1919 § 7547; 1909 § 8499
Missouri Legal Code