what is the Rule Against Perpetuity?
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the rule against perpetuities is a legal rule regarding primarily real estate…It keeps someone from using a will or a deed (or other legal instrument) from controlling who can own private property or how it can be used long after they are dead. (which was a problem in England amongst the landed gentry in the olden days.) It basically says any contingencies written into the document, that restricts who can buy or sell property, or how it can be used, will expire 21 years after the death of the person who placed those contingencies in the document.
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