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Published online by Cambridge University Press: 18 August 2016
When it is desired to disentail a landed estate, it is necessary for the heir in possession, after obtaining the consent of the first substitute heir, to pay to the second and third heirs the estimated value of their expectancy or interest in the estate. In the calculations that have to be made for the purpose of ascertaining this value, the actuary has often to take into account not only the probabilities of life, but the probabilities of marriage and of leaving issue.