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View Poll Results: Do you have a will?
Yes. There are people who want me dead. 10 31.25%
No. I am immortal. 19 59.38%
I have people who handle that sort of thing. 3 9.38%
Voters: 32. You may not vote on this poll

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Old 12-10-2005, 10:57 PM  
Rain Man Rain Man is offline
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I just finished writing my will.

Unfortunately, none of you guys made the cut. If you're nice to me, though, remember that I can make edits at any time.

I had a great plan put together to put some money in a trust that wouldn't start paying out until it hit an ungodly sum. It would simply sit in a trust growing and growing for several hundred years (assuming that civilization doesn't collapse), and would eventually be structured for my descendents to be incredibly wealthy for perpetuity. My wife didn't like it, though, and wouldn't let me put it in. She said that she didn't care if our descendents were wealthy or not.
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Old 12-13-2005, 08:19 PM   #31
jettio jettio is offline
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Originally Posted by Amnorix
Sorry to foil your master plan, but this is an illegal trust. The Rule Against Perpetuities prohibits this kind of stuff.

RAP is one of the more annoying concepts created to torture law students, and I won't bore you with the details, but here's something I lifted off a website:

"PERPETUITIES, RULE AGAINST - The rule against perpetuities is one of the most complicated parts of estate planning to explain. Basically, common law disfavors and prevents property from being held perpetually in trust, and therefore, voids any agreement (varies from state to state) which does not end twenty-one years after a life in being, or one generation from lives presently in being plus twenty-one years."

http://www.lectlaw.com/def2/p033.htm
I was wondering what law schooler/alum was going to be the first to break that sad news to the maestro of myrth.

You did a good job.
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