4 ms·

See: https://wikipedia.org/wiki/Rule_against_perpetuities https://wikipedia.org/wiki/Rule_against_perpetuities

• greensoap 9y ago
  Patent attorney? Me too. Have you read the malpractice case in California that basically says that you can't be found to have practiced malpractice for violating the RAP because its too convoluted?
  • sbierwagen 9y ago
    From that article: "It is notoriously difficult to properly apply: in 1961, the Supreme Court of California ruled that it was not legal malpractice for an attorney to draft a will that inadvertently violated the rule." (Emph added) Presumably California would look less kindly on someone saying to their lawyer, "I want to lock up this money forever", and the lawyer in response saying, "Yes, I will draft your will so that the money will only ever be spent in the manner you command."
• nugget 9y ago
  RAP has been abolished in a number of US states I believe, where dynastic trusts can now persist "forever".