Rule Against Perpetuities: A rule of law that restricts the ownership of property to a certain period of time, in order to prevent the dead hand from controlling the property indefinitely.
As you become more familiar with the format of the test, your speed will increase naturally, and you can begin to time yourself then. Also important is not to become distracted by sub-topics that will only appear in a couple of questions (for example, the Rule Against Perpetuities). You ...
For example, in many places the trust can't keep going more than 21 years after the death of a potential beneficiary who was alive when the trust was set up. That's called the "rule against perpetuities" and is intended to restrict trusts that could theoretically last forever. That said,...
Historically, many states had a rule against "perpetuities" and stipulated when a trust had to end. A common rule was that a trust could continue for 21 years after the death of the lastbeneficiaryalive when the trust was established.2Under those circumstances, a trust could theoretically last...
Discusses the application of the Rule Against Perpetuities to oil and gas transactions in the United States. Historical view of the development of the rule; Reasons for the acceptance of the rule; Arguments for the application of the rule to oil and gas transactions.Kramer...
RAP Rule Against Perpetuities (law) RAP Recruiter Assistance Program RAP Resident Assessment Protocol RAP Rocket-Assisted Projectile RAP Ranged Attack Power (gaming) RAP Right Away, Please RAP Regulatory Assistance Project RAP Radiological Assistance Program (US DOE) RAP Resettlement Assistance Program (Ca...
Until statutory intervention in the 1960s, the so-called Rule against Perpetuities, and the Rule against Accumulations, provided endless fun for counsel advising on trusts in which they had been overlooked on all sides. Of that bizarre w... M Tony,G Toby - 《Trusts & Trustees》 被引量: ...
Ariadne's Thread: Leading Students into and out of the Labyrinth of the Rule against Perpetuities This Article focuses partly on my own approach to teaching the Rule Against Perpetuities, but it addresses the approaches of others based on the survey responses. Although I have developed a method ...