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1973

Estates and Trusts

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Descendible Future Interests In Georiga: The Effect Of The Preference For Early Vesting, Verner F. Chaffin Apr 1973

Descendible Future Interests In Georiga: The Effect Of The Preference For Early Vesting, Verner F. Chaffin

Scholarly Works

In past issues of the Review Professor Chaffin has illuminated many areas of Trust and Estates Law. In this Article he treats the inscrutable area of descendible future interests. Future interests which do not terminate at death obviously result in nonpossessory property passing through the estates of their holders. This Article first shows the unhappy consequences of such passage of property. It then points out not only that most draftsmen and testators are unaware of the undesirable consequences of creating descendible future interests, but also that many such interests exist as a result of Georgia's constructional preference for early vesting …