Rule against perpetuities

Rule against perpetuities,

Definition of Rule against perpetuities:

  1. An old legal requirement is that if a person is mentioned as a future recipient of an asset (for example, with a will), at any time after 21 years after the asset recipient's death Must move. The purpose is to prevent the goods from remaining indefinitely without being used in sales and trade. In the UK, this can go as far as 80 years in some cases.

Meaning of Rule against perpetuities & Rule against perpetuities Definition