Landon,an 80-year-old,writes a trust that states that his property is to go to his "great-great-great grandchild" upon his death.At the time of creating the trust,his only child is one year old.In this scenario,which of the following statements is true about the validity of the trust?
A) The trust is valid, but the property must wait until the great-great-great grandchild is born to be transferred.
B) The trust is invalid due to the rule against eventualities.
C) The trust is valid due to the rule of progression.
D) The trust is invalid due to the rule against perpetuities.
E) The trust is valid, but the property must wait until Landon's child dies to be transferred.

Question

Quizplus · Accepted Answer

In this scenario, the trust is invalid due to the rule against perpetuities. The rule against perpetuities limits all exercise of property over resources to a duration of "lives in being plus twenty-one years." The rule prevents an owner from controlling resources through many future generations by setting up trust arrangements, under which trustees are legally required to carry out the wishes of the owner for extended duration.

Landon,an 80-Year-Old,writes a Trust That States That His Property Is