Explore the legal terms and concepts related to The Rule Against Perpetuities. Click on any term below to learn more about its definition and applications.
What are common statutory reforms to the Rule Against Perpetuities?
Under the wait and see approach, courts look to see if the interest actually vests or fails within t...
What are common violations to the Rule Against Perpetuities?
1. Executory Interests: Executory interests following a defeasible fee are stricken unless limited t...
When does the Rule Against Perpetuities begin to run?
When the RAP period begins to run depends on the instrument: 1. Wills: At the testator's death. 2....
Which types of interests does the Rule Against Perpetuities NOT apply to?
The Rule Against Perpetuities does not apply to: (1) vested interests, (2) charity-to-charity transf...
Which types of interests does the Rule Against Perpetuities commonly apply to?
The Rule Against Perpetuities applies to: (1) contingent remainders, (2) executory interests, (3) ve...
What is the Rule Against Perpetuities?
Under the Rule Against Perpetuities, no interest in property is valid unless it must vest, if at all...
What happens to a transfer if it violates the Rule Against Perpetuities?
Where a transfer violates the Rule Against Perpetuities, the offensive interest is stricken as if it...
