Mo. Rev. Stat. § 442.530

Current with changes from the 2024 Legislative Session
Section 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

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

§ 442.530, RSMo

Prior revisions: 1929 § 3132; 1919 § 7547; 1909 § 8499