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Real Property • The Rule Against Perpetuities
PROP#035
Legal Definition
When the RAP period begins to run depends on the instrument:
1. Wills: At the testator's death.
2. Deeds: On the date of delivery.
3. Irrevocable Trusts: On the date created.
4. Revocable Trusts: On the date the trust becomes irrevocable.
1. Wills: At the testator's death.
2. Deeds: On the date of delivery.
3. Irrevocable Trusts: On the date created.
4. Revocable Trusts: On the date the trust becomes irrevocable.
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?
Which types of interests does the Rule Against Perpetuities commonly apply to?
Which types of interests does the Rule Against Perpetuities NOT apply to?
