Powers and the rule against perpetuities. POSSESSORY ESTATES AND FUTURE INTERESTS: Classifying possessory estates (a.k.a. present interests) -- Classifying future interests -- Two consequences of the classification of future interests -- The rule against perpetuities -- Three other rules governing future interests -- MARITAL ESTATES: Marital estates at common law -- Modern protections for the surviving spouse -- CONCURRENT ESTATES: Concurrent estates -- POWERS OF APPOINTMENT: A primer on powers -- Who owns the appointive property? -- Exercising a power -- Effectiveness of the appointment -- Powers and the rule against perpetuities.
Summary:
"This...guide provides an overview of the rules and principles of estates and future interests, including concurrent estates, marital estates (including the modern elective share), and powers of appointment. It includes new innovations from the restatement 3d of property, modernizing the law of future interests and dramatically changing the rule against perpetuities. With respect to powers of appointment, the book incorporates the clarifications and modernizations of the law in the restatement 3d of property and the Uniform Powers of Appointment Act (2013, with subsequent amendments). The book also has exercises, with answers at the back."-- Provided by publisher.
This resource is supported by the Institute of Museum and Library Services under the provisions of the Library Services and Technology Act as administered by State Library of Iowa.