{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/55.1-504.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/55.1-504.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/55.1-504.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/55.1-504.html"}],"law_id":72791,"edition_id":1,"section_id":72791,"structure_id":15130,"section_number":"55.1-504","catch_line":"Makehamized mortality table","history":"1946, p. 557; Michie Suppl. 1946, \u00a7 5133a3; Code 1950, \u00a7 55-274; 1973, c. 355; 1981, c. 612; 2019, c. 712.","full_text":"When more than two parties as joint tenants for life, or three or more parties as tenants in successive estates, are entitled to the annual interest on a sum of money, or are entitled to the use of any estate, or a part thereof, and are 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 proceeding orders a gross sum to be paid in lieu thereof, the sum shall be estimated according to the then value of an annuity of eight percent on the principal sum during the probable lives of such persons. Probable lives shall be computed from the Makehamized mortality table for total population in the United States, 1969-1971, published by the Bureau of the Census of the Department of Commerce.\n\t\tExample: Three persons, ages 30, 40, and 45, are joint tenants for life in the whole of an estate worth $10,500: the equivalent equal age, w, of these three persons is given by the following formula:\n\t\tC30, C40, and C45 are found in column 6 of the above table.\n\t\tA linear interpolation between x = 40 and x = 41 in the above table would yield the value of x = 40.540, which would be the equivalent equal age of the persons involved.\n\t\tFinally, a linear interpolation between x = 40 and x = 41 would yield the value of A = 9.378 40.540:40.540:40.540.\n\t\tThis figure multiplied by $840 (the interest at eight percent on $10,500) gives $7,877.52 as the gross value of the joint life estate of such persons.","order_by":null,"text":{"0":{"id":262221,"text":"When more than two parties as joint tenants for life, or three or more parties as tenants in successive estates, are entitled to the annual interest on a sum of money, or are entitled to the use of any estate, or a part thereof, and are 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 proceeding orders a gross sum to be paid in lieu thereof, the sum shall be estimated according to the then value of an annuity of eight percent on the principal sum during the probable lives of such persons. Probable lives shall be computed from the Makehamized mortality table for total population in the United States, 1969-1971, published by the Bureau of the Census of the Department of Commerce.\n\t\tExample: Three persons, ages 30, 40, and 45, are joint tenants for life in the whole of an estate worth $10,500: the equivalent equal age, w, of these three persons is given by the following formula:\n\t\tC30, C40, and C45 are found in column 6 of the above table.\n\t\tA linear interpolation between x = 40 and x = 41 in the above table would yield the value of x = 40.540, which would be the equivalent equal age of the persons involved.\n\t\tFinally, a linear interpolation between x = 40 and x = 41 would yield the value of A = 9.378 40.540:40.540:40.540.\n\t\tThis figure multiplied by $840 (the interest at eight percent on $10,500) gives $7,877.52 as the gross value of the joint life estate of such persons.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":15130,"edition_id":1,"name":"Commutation and Valuation of Certain Estates and Interests","identifier":"5","label":"chapter","depth":3,"order_by":1,"parent_id":13327,"metadata":{},"date_created":"2026-06-26 03:52:22","date_modified":"2026-06-26 03:52:22","permalink":{"id":245325,"object_type":"structure","relational_id":15130,"identifier":"5","token":"55.1\/I\/5","url":"\/55.1\/I\/5\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13327,"edition_id":1,"name":"Property Conveyances","identifier":"I","label":"subtitle","depth":2,"order_by":1,"parent_id":12707,"metadata":{},"date_created":"2026-06-26 03:44:39","date_modified":"2026-06-26 03:44:39","permalink":{"id":244771,"object_type":"structure","relational_id":13327,"identifier":"I","token":"55.1\/I","url":"\/55.1\/I\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12707,"edition_id":1,"name":"Property and Conveyances","identifier":"55.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":244769,"object_type":"structure","relational_id":12707,"identifier":"55.1","token":"55.1","url":"\/55.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":76205,"structure_id":15130,"section_number":"55.1-500","catch_line":"Annuity table","url":"\/55.1-500\/","token":"55.1\/I\/5\/55.1-500","metadata":false},{"id":59907,"structure_id":15130,"section_number":"55.1-501","catch_line":"Rule of calculation under \u00a7 55.1-500","url":"\/55.1-501\/","token":"55.1\/I\/5\/55.1-501","metadata":false},{"id":69650,"structure_id":15130,"section_number":"55.1-502","catch_line":"Table of uniform seniority","url":"\/55.1-502\/","token":"55.1\/I\/5\/55.1-502","metadata":false},{"id":72822,"structure_id":15130,"section_number":"55.1-503","catch_line":"Rules of calculation under \u00a7 55.1-502","url":"\/55.1-503\/","token":"55.1\/I\/5\/55.1-503","metadata":false},{"id":72791,"structure_id":15130,"section_number":"55.1-504","catch_line":"Makehamized mortality table","url":"\/55.1-504\/","token":"55.1\/I\/5\/55.1-504","metadata":false},{"id":84458,"structure_id":15130,"section_number":"55.1-505","catch_line":"Commutation in case of persons under disability","url":"\/55.1-505\/","token":"55.1\/I\/5\/55.1-505","metadata":false},{"id":57639,"structure_id":15130,"section_number":"55.1-506","catch_line":"Commutation of certain life estates","url":"\/55.1-506\/","token":"55.1\/I\/5\/55.1-506","metadata":false}],"previous_section":{"id":72822,"structure_id":15130,"section_number":"55.1-503","catch_line":"Rules of calculation under \u00a7 55.1-502","url":"\/55.1-503\/","token":"55.1\/I\/5\/55.1-503","metadata":false},"next_section":{"id":84458,"structure_id":15130,"section_number":"55.1-505","catch_line":"Commutation in case of persons under disability","url":"\/55.1-505\/","token":"55.1\/I\/5\/55.1-505","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/55.1-504\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 3 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1973, chapter 355; in 1981, chapter 612; in 2019, chapter 712<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":245343,"object_type":"law","relational_id":72791,"identifier":"55.1-504","token":"55.1\/I\/5\/55.1-504","url":"\/55.1-504\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/55.1-504\/","token":"55.1\/I\/5\/55.1-504","dublin_core":{"Title":"Makehamized mortality table","Type":"Text","Format":"text\/html","Identifier":"\u00a7 55.1-504","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

When more than two parties as joint tenants for life, or three or more parties as tenants in successive estates, are entitled to the annual interest on a sum of money, or are entitled to the use of any estate, or a part thereof, and are willing to accept a gross sum in lieu thereof, or the party<\/span> liable for such interest, or affected by such claim, has the right to pay a gross sum in lieu thereof, or if the court<\/span> in any legal proceeding orders<\/span> a gross sum to be paid in lieu thereof, the sum shall be estimated according to the then value of an annuity of eight percent on the principal sum during the probable lives of such persons. Probable lives shall be computed from the Makehamized mortality table for total population in the United States, 1969-1971, published by the Bureau of the Census of the Department of Commerce.\n\t\tExample: Three persons, ages 30, 40, and 45, are joint tenants for life in the whole of an estate worth $10,500: the equivalent equal age, w, of these three persons is given by the following formula:\n\t\tC30, C40, and C45 are found in column 6 of the above table.\n\t\tA linear interpolation between x = 40 and x = 41 in the above table would yield the value of x = 40.540, which would be the equivalent equal age of the persons involved.\n\t\tFinally, a linear interpolation between x = 40 and x = 41 would yield the value of A = 9.378 40.540:40.540:40.540.\n\t\tThis figure multiplied by $840 (the interest at eight percent on $10,500) gives $7,877.52 as the gross value of the joint life estate of such persons.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nMAKEHAMIZED MORTALITY TABLE (\u00a7 55.1-504)\n\nWhen more than two parties as joint tenants for life, or three or more parties\nas tenants in successive estates, are entitled to the annual interest on a sum\nof money, or are entitled to the use of any estate, or a part thereof, and are\nwilling to accept a gross sum in lieu thereof, or the party liable for such\ninterest, or affected by such claim, has the right to pay a gross sum in lieu\nthereof, or if the court in any legal proceeding orders a gross sum to be paid\nin lieu thereof, the sum shall be estimated according to the then value of an\nannuity of eight percent on the principal sum during the probable lives of such\npersons. Probable lives shall be computed from the Makehamized mortality table\nfor total population in the United States, 1969-1971, published by the Bureau of\nthe Census of the Department of Commerce.\n\t\tExample: Three persons, ages 30, 40, and 45, are joint tenants for life in the\nwhole of an estate worth $10,500: the equivalent equal age, w, of these three\npersons is given by the following formula:\n\t\tC30, C40, and C45 are found in column 6 of the above table.\n\t\tA linear interpolation between x = 40 and x = 41 in the above table would\nyield the value of x = 40.540, which would be the equivalent equal age of the\npersons involved.\n\t\tFinally, a linear interpolation between x = 40 and x = 41 would yield the\nvalue of A = 9.378 40.540:40.540:40.540.\n\t\tThis figure multiplied by $840 (the interest at eight percent on $10,500)\ngives $7,877.52 as the gross value of the joint life estate of such persons.\n\nHISTORY: 1946, p. 557; Michie Suppl. 1946, \u00a7 5133a3; Code 1950, \u00a7 55-274;\n1973, c. 355; 1981, c. 612; 2019, c. 712.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}