RAP Property + Rule of Convenience
Posted: 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.
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.