Rule Against Perpetuities Flashcards
1
Q
Application (RAP)
A
Applies only to contingent remainders, executory interests, class gifts, options, and powers of appointment.
2
Q
RAP Strategy
A
Think about who the beneficiaries would be. Who biologically produces the beneficiaries? They are the life in being. Once the grantor dies, if they are still alive, ask whether it is possible for them to produce a beneficiary who would take beyond 21 years after their death?
