WY Bar Practice Questions - Wyoming Bar Examination Exam

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A drafter wants a Wyoming trust to last as long as possible. Many states, including Wyoming, have modified the common-law Rule Against Perpetuities to permit very long-term or 'dynasty' trusts. The common-law Rule Against Perpetuities traditionally invalidates an interest that might vest:

Immediately upon creation Later than 21 years after the death of a life in being at the creation of the interest Within the settlor's lifetime On any date certain

Correct Answer:

Later than 21 years after the death of a life in being at the creation of the interest

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