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Question regarding rule againast perpetuity

C V J (Business)     22 August 2020

 3 points

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Imagine below scenario:

'A' transfers property to 'B' with the condition that the property is to transfer to 'C'( minor child)  after 'B's death and after C attains the age of 10, the property will be transferred to 'D'.

Is the above transaction valid? I would be thankful if you could also provide the reasoning behind your answers.

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