RAP Question

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I.P. Daly
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RAP Question

Postby I.P. Daly » Sat May 14, 2011 11:06 am

http://michiganlawyerblog.wordpress.com ... e-dispute/

I came across this story, and I'm trying to remember how to do a RAP analysis. It’s been over a year since I learned RAP. Is this the RAP proper analysis?

1) No interest is good, 2) unless it must vest, if at all, 3) not later than twenty-one years 4) after the death of some life in being 5) at the creation of the interest.

1) Interest: here, the interest is the $100 million estate.

2) Vest: transfer to Burt’s relatives;

3) No Later than 21 years: (Nov. 2011);

4) After the death of some Life in Being: Burt’s granddaughter, who died in Nov. 1989;

5) Creation: Here, it's valid because the granddaughter was born during Burt's lifetime.

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Re: RAP Question

Postby Renzo » Sun May 15, 2011 4:15 pm

That story's hilarious. The decedent basically used the RAP as a big fuck you to his relatives, for no purpose other than to make the assets unavailable as long as possible.

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