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  2. Rule against perpetuities - Wikipedia

    en.wikipedia.org/wiki/Rule_against_perpetuities

    The rule against perpetuities serves a number of purposes. First, English courts have long recognized that allowing owners to attach long-lasting contingencies to their property harms the ability of future generations to freely buy and sell the property, since few people would be willing to buy property that had unresolved issues regarding its ownership hanging over it.

  3. Royal lives clause - Wikipedia

    en.wikipedia.org/wiki/Royal_lives_clause

    However, in the United Kingdom, the significance of the royal lives clause may have diminished as a result of the Perpetuities and Accumulations Act 1964, a legal act that reformed the rules against perpetuities in the country. [1] Similar reforms were also made in several Australian states and the Canadian province of British Columbia. [2]

  4. Uniform Probate Code - Wikipedia

    en.wikipedia.org/wiki/Uniform_Probate_Code

    General Provisions, Definitions, and Probate Jurisdiction of Court: Definitions; rules of interpretation; jurisdiction and venue: 2 Intestacy, Wills, and Donative Transfers: Intestate succession of property; procedures for making, interpretation, and revocation of wills (includes Statutory rule against perpetuities and Uniform Simultaneous ...

  5. Property law in the United States - Wikipedia

    en.wikipedia.org/wiki/Property_law_in_the_United...

    The focus on vesting is important in many states because contingent remainders (and certain other future interests) are invalidated if they might vest after the period defined by the Rule Against Perpetuities (RAP). [14] The Rule Against Perpetuities traditionally requires an interest to vest "if at all, not later than twenty-one years after ...

  6. This Really Old Law Could Ruin Your Inheritance Plans

    www.aol.com/arcane-law-could-derail-inheritance...

    The rule against perpetuities is an example of how older property laws can influence how families transfer and inherit property rights. Well-meaning grantors create wills defining their wishes …

  7. Rule in Shelley's Case - Wikipedia

    en.wikipedia.org/wiki/Rule_in_Shelley's_Case

    The Rule in Shelley's Case is a rule of law that may apply to certain future interests in real property and trusts created in common law jurisdictions. [ 1 ] : 181 It was applied as early as 1366 in The Provost of Beverly's Case [ 1 ] : 182 [ 2 ] but in its present form is derived from Shelley's Case (1581), [ 3 ] in which counsel stated the ...

  8. Life estate - Wikipedia

    en.wikipedia.org/wiki/Life_estate

    A further limitation is the rule against perpetuities in many states and countries which prohibits long-running pre-19th-century style successions of life tenancies and may result in the premature and compensation-entitling termination of such successive life interests. In England and Wales this is fixed at one lifetime, or 80 years whichever ...

  9. List of uniform acts (United States) - Wikipedia

    en.wikipedia.org/wiki/List_of_Uniform_Acts...

    Uniform State Administrative Procedure Act: 1981 Uniform Status of Children of Assisted Conception Act: 1988 Uniform Statute and Rule Construction Act: 1995 Uniform Statutory Form Power of Attorney Act: 1988 Uniform Statutory Rule Against Perpetuities: 1986, 1990 Uniform Supervision of Trustees for Charitable Purposes Act: 1954