Originally Posted by
vagabond
I was just giving you a bit of friendly advice. There is no need to be antagonistic and use four letter words. And I didn't make up that rule; it's been around for a very, very long time, and there's a reason for its existence. I am not saying your situation with your estate falls into its purview. I am merely suggesting you ask your lawyer because many do not understand the rule and draft incorrectly, which causes problems in the future.
Well that certainly wasn't directed at you, just "the man" in general. I did look it up, and it is a common law rule that actually dates back to the 1600's. It is basically put in place to prevent people from retaining control of wealth or property for too long of a period. But from what I read regarding how it is actually used, it seems that people who were not identified in the will or trust use it to gain control of the estate from the people whom the original estate owner intended, with the technicality being that the people whom the original estate owner intended the property to go to were not yet born yet at the time of estate owner's death.