In relation to instruments to which the Perpetuities and Accumulations Act 1964 applies1, there is a significant departure from the common law2 under which the gift to a class would be rendered void altogether by the possibility of an interest vesting outside the perpetuity period.
Thus, where the inclusion of any persons, being potential members3 of a class, or unborn persons who at birth would become members4 or potential members of the class, prevents the statutory age reduction provisions5 as well as the 'wait and see' rule6 from operating to save a disposition7 from being void for remoteness, those persons
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234