Rule against perpetuities
The rule against perpetuities is a legal rule in the Anglo-American common law that prevents people from using legal instruments (usually a deed or a will) to exert control over the ownership of private property for a time long beyond the lives of people living at the time the instrument was written. Specifically, the rule forbids a person from creating future interests (traditionally contingent remainders and executory interests) in property that would vest beyond 21 years after the lifetimes of those living at the time of creation of the interest, often expressed as a “life in being plus twenty-one years”. In essence, the rule prevents a person from putting qualifications and criteria in a deed or a will that would continue to affect the ownership of property long after he or she has die
99-year leaseAustralian contract lawBeginning of human personhoodBeneficiary (trust)Borland's Trustee v Steel Bros & Co LtdCestui queCharitable trusts in English lawCy-près doctrineDead hand controlDisclaimerDuke of Norfolk's CaseDynasty trustEnglish trust lawEstate tax in the United StatesExecutory contractFinances of the British royal familyFuture interestGlossary of land lawHenry G. Freeman Jr. Pin Money FundHenry Howard, 15th Earl of ArundelHerbert Cozens-Hardy, 1st Baron Cozens-HardyHorace GrayIllustrations of the rule against perpetuitiesIndex of law articlesInterest in possession trustJohn Chipman GrayLaw of the British Virgin IslandsLeahy v Attorney-General (NSW)Legal history of willsLessee of Ashton v. AshtonLife estateLife in beingList of acronyms: RMortmainOffshore trustOption contractPerpetuities and Accumulations Act 1964Perpetuities and Accumulations Act 2009Perpetuity clausePerpetuity period
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Rule against perpetuities
The rule against perpetuities is a legal rule in the Anglo-American common law that prevents people from using legal instruments (usually a deed or a will) to exert control over the ownership of private property for a time long beyond the lives of people living at the time the instrument was written. Specifically, the rule forbids a person from creating future interests (traditionally contingent remainders and executory interests) in property that would vest beyond 21 years after the lifetimes of those living at the time of creation of the interest, often expressed as a “life in being plus twenty-one years”. In essence, the rule prevents a person from putting qualifications and criteria in a deed or a will that would continue to affect the ownership of property long after he or she has die
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The rule against perpetuities ...... t this tax avoidance strategy.
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영구구속금지의 원칙(永久拘束禁止의 原則, rule ag ...... 것을 금지하고 이 재산 처분을 무효로 하는 원칙이다.
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1,024,365,973
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author
John Chipman Gray
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date
September 2018
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reason
What's a "fee simple determina ...... possibility of reverter" mean?
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source
Rule Against Perpetuities § 201.
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text
No interest is good unless it ...... the creation of the interest.
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The rule against perpetuities ...... y long after he or she has die
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영구구속금지의 원칙(永久拘束禁止의 原則, rule ag ...... 것을 금지하고 이 재산 처분을 무효로 하는 원칙이다.
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label
Rule against perpetuities
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영구구속금지의 원칙
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