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His Heirs, so Long as They Maintain a House of Prostitution on the Premises Form
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People also ask
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What is the fee tail rule against perpetuities?
The fee tail was an interest that allowed a person to have an interest in land in perpetuity, but only so long as it was kept within the ownership of his or her lineal descendants. -
Why is the rule against perpetuities important?
In essence, the rule prevents a person from putting qualifications and criteria in a deed or a will that would continue to affect the ownership of property long after he or she has died, a concept often referred to as control by the "dead hand" or "mortmain". -
What is the new rule against perpetuities?
Rule against perpetuities. Accessed Oct 18, 2023. . Generally, control over a property can't extend more than 21 years past the death of a specific person living and identified in your will, trust or deed. -
What is the rule against perpetuities reverter?
Specifically, the rule forbids a person from creating future interests (traditionally contingent remainders and executory interests) in property that would vest beyond 21 years after the lifetimes of those living at the time of creation of the interest, often expressed as a "life in being plus twenty-one years". -
What is the rule in Shelley's case rule against perpetuities?
(1) The Rule in Shelley's Case may be stated thus: If a grant or devise creates some freehold estate in an ancestor and if, in the same conveyance, a remainder of the same quality (legal or equitable, as the case may be) is limited to the heirs or heirs of the body of that same ancestor, then that limitation is treated ... -
What is an example that violates the rule against perpetuities?
Marge is 80 years old. She has three children, Bart, Lisa and Maggie, who are each in their 50s. Homer conveys a house “to Marge for life and then to the oldest of Marge's children who survive her when he or she signNowes the age of 30.” This conveyance violates the rule. -
What is the rule of perpetuities simple?
The rule against perpetuities stipulates that a will, estate plan or other legal document intending to transfer property ownership more than twenty-one years after the death of the primary recipient is void. -
What is the rule of perpetuities?
Summary: The rule against perpetuities mandates that an interest in land must vest not later than twenty-one years after the death of some life in being at the creation of the interest.
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