The rule is ruthless:
Professor P: “And the rule against perpetuities doesn’t care if the child’s interest ends by a child getting the property, or if the interest ends with the child getting hit by a bus and not getting the property. Either way the rule is happy.”
Further Reading...
Taxation Midterm on Capital Gains, aka what the hell?
October 26, 2009The day before
May 9, 2010Property is magic (and telesmatic?)
February 23, 2009
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