Transcription of The Rule Against Perpetuities -- Demystified! - TestGuru
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The Rule Against Perpetuities -- Demystified! - TestGuru
The RAP: Any interest must vest, if at all,not later than 21 years after a life in beingat the creation of the interest. This short bit of legal prose has terrified law students(and saddled unsuspecting attorneys with malpracticeliability) for generations. It needn t cause you any(further) distress, however, as you ve come to the rightplace! If you ll work your way through this document andits associated set of exercises, you ll emerge with a fairlyrobust understanding of the rule certainly robustenough to crush the RAPon a 1st-year property final orthe Multistate Bar Exam. So let s get to parsing the Any interest This doesn t actually mean anyinterest. So what does itmean?
The RAP: “Any interest must vest, if at all, not later than 21 years after a life in being at the creation of the interest.” This short bit of legal prose has terrified law students
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