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Morgan v. Illinois, 504 U.S. 719 (1992), is a case decided by the United States Supreme Court. The case established the right of defendants to challenge for cause any juror that would automatically impose the death penalty in all capital cases.
An early incarnation of a dedicated county recorder of deeds was established with the creation of Cook County in 1831. In 1848, it was eliminated, being merged into the position of clerk of the Circuit Court of Cook County (which was renamed "clerk and recorder"). [ 1 ]
The ownership of a life estate is of limited duration because it ends at the death of a person. Its owner is the life tenant (typically also the 'measuring life') and it carries with it right to enjoy certain benefits of ownership of the property, chiefly income derived from rent or other uses of the property and the right of occupation, during his or her possession.
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For example: If, on the date of a taxpayer's death, he had a basis of $35,000 in the house and the house's FMV was $100,000, and the taxpayer's sister received the house from the taxpayer after his death, then her stepped-up basis would be $100,000, not $35,000.
The rule against perpetuities serves a number of purposes. First, English courts have long recognized that allowing owners to attach long-lasting contingencies to their property harms the ability of future generations to freely buy and sell the property, since few people would be willing to buy property that had unresolved issues regarding its ownership hanging over it.