Vesting Period

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Definitions
Rule Against Perpetuities
Rule Against Perpetuities Legal Doctrine Contingent Interest Property Law Vesting Period
The Rule Against Perpetuities is a legal doctrine that ensures no contingent interest in property is valid unless it vests not later than 21 years after the death of a specified person living when the interest was created. This rule prevents property from being indefinitely tied up within a family and limits control over future ownership.
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