rule against perpetuities

Definition

A rule stating that a trust cannot be considered valid unless the beneficiaries get vested in the trust property in the next 21 years.

Use this term in a sentence

You should always try and follow the rule against perpetuities so that you are not doing anything wrong at all.

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We had been fortunate enough to make sure we paid attention to the rule against perpetuities, as otherwise things might have been more complicated

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The rule against perpetuities prevented the father from leaving his unborn great grand children his house. He was very scared that his kids would sell the property before they had childern

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rule 72(t) rule of 18