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Real Property • The Rule Against Perpetuities
PROP#033
Legal Definition
The Rule Against Perpetuities applies to: (1) contingent remainders, (2) executory interests, (3) vested remainders subject to open
Plain English Explanation
Be mindful of the Rule Against Perpetuities ("RAP") when:
(1) Dealing with contingent remainders, because you'll need to make sure the contingency can be figured out (one way or another) within 21 years of the measuring life's death.
(2) Executory interests, which must cut short (or fail to cut short) a estate within the 21 year period.
(3) And open classes that may stay open for a bit too long.
(1) Dealing with contingent remainders, because you'll need to make sure the contingency can be figured out (one way or another) within 21 years of the measuring life's death.
(2) Executory interests, which must cut short (or fail to cut short) a estate within the 21 year period.
(3) And open classes that may stay open for a bit too long.
Related Concepts
What are common statutory reforms to the Rule Against Perpetuities?
What are common violations to the Rule Against Perpetuities?
What happens to a transfer if it violates the Rule Against Perpetuities?
What is the Rule Against Perpetuities?
When does the Rule Against Perpetuities begin to run?
Which types of interests does the Rule Against Perpetuities NOT apply to?
