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Cleveland State University

1952

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The Rule Against Perpetuities And Its Application To A Private Trust, Reuben M. Payne Jan 1952

The Rule Against Perpetuities And Its Application To A Private Trust, Reuben M. Payne

Cleveland State Law Review

The creator of a trust of any complexity or length of duration usually attempts to create future contingent interests under the trust, or interests to take effect after the termination of the trust. In making provisions for such contingent future interests, the settlor must be careful to respect the Rule Against Remoteness of vesting, if he would have his trust secure against attack. Thus, if S wishes to create a trust by his will in favor of his children and grandchildren, providing for grandchildren who may be born after S's death, it is obvious that he desires to provide for …