S2. Ep 10: Present Estates and Future Interests
Update: 2024-10-11
Description
Exploring the division of ownership over time, specifically focusing on present estates and future interests. Outlining the various types of estates that can be created, such as fee simple, life estate, and defeasible fees, and the future interests associated with them. Rules that govern the creation and validity of future interests, particularly the Rule Against Perpetuities, which prevents the dead hand from controlling property indefinitely. Finally, touching on the emerging trend of dynasty trusts, which aim to circumvent traditional estate planning rules and avoid taxation, and the resulting changes in state laws.
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