RAP Property + Rule of Convenience

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Should I Transfer??
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Joined: Sat Jan 14, 2012 8:41 pm

RAP Property + Rule of Convenience

Postby Should I Transfer?? » Thu Mar 08, 2012 8:55 pm

#1: O to A for life, then to B's grandchildren who turn 21.
B's current grandchildren are X (15) and Y (25).


#2: O to A for life, then to B's grandchildren who turn 25.
B's current grandchildren are X (15) and Y (25).


Applying the Rule Against Perpetuities and the Rule of Convenience, which future interests are valid? Assume all or nothing rule is in effect.



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