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Bar Exam Future Interests and Powers of Appointment Flashcards

Master 21 future interests and powers of appointment concepts for the Bar Exam.

Classification of Interests

9 cards

Question

When does a reversion arise?

Question

What future interest does the grantor retain when granting a fee simple determinable?

Class Gifts

4 cards

Question

When does the Rule of Convenience close a class?

Question

What is the default survival requirement for class members regarding vesting?

RAP and Powers of Appointment

8 cards

Question

To determine lives in being for RAP, what are the possible categories of people?

Question

What is the length of time specified under the wait-and-see approach of the Uniform Statutory Rule Against Perpetuities (USRAP)?

Also study

Intestate Succession14Execution and Components of Wills21Revocation and Revival8Construction and Gift Failure11Will Contests and Family Protection14Trust Creation and Types27Trust Administration and Fiduciary Duties13

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