Few rules of law can so quickly strike terror into the hearts of
lawyers as the Rule against Perpetuities. This rule, two centuries
in development, is designed to prevent tying up property for too
long a time. It can be stated in one sentence, but the great
nineteenth-century master of the Rule, John Chipman Gray, required
more than 400 scrupulously detailed pages to explain it. For
deceptive subtleties and unexpected traps it has no equal. This
book views the Rule in the microcosm of Kentucky cases. It shows
that perpetuities law in action differs from perpetuities law in
the books. It is more chaotic than any writer has ever suggested.
While the words of doctrine remain the same, the meaning shifts
from case to case. Seemingly the law is working slowly and
tortuously to a new and sounder policy base. The book also is
designed to provide the practicing lawyer with a simplified
statement of the Rule and comprehensive analysis of Kentucky cases.
Lastly, the book deals with an analysis of reform, particularly the
1960 Kentucky legislature reform act, based upon a draft by the
author.
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