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This could not happen in the U.S. because it would violate the Rule against Perpetuities. http://en.wikipedia.org/wiki/Rule_against_perpetuities http://en.wiki
by joshuaheard 12y ago
This could not happen in the U.S. because it would violate the Rule against Perpetuities.
http://en.wikipedia.org/wiki/Rule_against_perpetuities http://en.wikipedia.org/wiki/Rule_against_perpetuities
However, compound interest is a very powerful tool.
http://www.daveramsey.com/article/how-teens-can-become-millionaires/lifeandmoney_kidsandmoney/ http://www.daveramsey.com/article/how-teens-can-become-milli...
- ChrisLomont 12y ago>This could not happen in the U.S. because it would violate the Rule against Perpetuities. From the same link, not all states follow that. Many others adopt a "wait and see" rule, which may change one way or the other over the relevant time period. So it's not quite true to claim this could not happen in the US.