Connecticut Statutes
§ 12-353 — Life estates; annuities.
Connecticut § 12-353
This text of Connecticut § 12-353 (Life estates; annuities.) is published on Counsel Stack Legal Research, covering Connecticut primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Conn. Gen. Stat. § 12-353 (2026).
Text
The value of each future, contingent or limited estate, income interest or annuity for life or lives in being shall, so far as possible, be determined by the rule, method and standard of mortality and of value set forth in the Commissioners' 1980 Standard Ordinary Mortality Table with interest at six per cent per annum. The value of the interest remaining after such limited estate shall be determined by deducting the computed value of the limited estate from the value of the entire property in which such interest exists.
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Legislative History
(1949 Rev., S. 2033; P.A. 83-520, S. 11, 13.) History: P.A. 83-520 changed standard and value to that set forth in the commissioners' 1980 Standard Ordinary Mortality Table, with interest at the rate of 6% per annum, effective July 7, 1983, and applicable to estates of decedents dying on or after such date. Statute applies to life estate passing by will, even though life tenant dies before computation of tax. 108 C. 715, 719. Cited. 118 C. 242.
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Bluebook (online)
Connecticut § 12-353, Counsel Stack Legal Research, https://law.counselstack.com/statute/ct/12-353.