Table of Contents
Rule Against Perpetuities
“No interest is good”...
…unless it MUST vest, if at all...
Not later than 21 years AFTER some life in being at the creation of the interest.
Test the Interest by Trying Your Best to Violate the Rule
Consider
Consider
Compare -- Skipping a Generation
Consider
Compare
Example of Life Estate in a Trust
Central Delaware County Authority v. Greyhound Corp.
Texaco …v. Samowitz
Cambridge Co. v. East Slope Investment Corp.
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Author: Audrey McFarlane
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