10 October 2026 教育性出版物,不构成投资建议

重大财富的财务智识平台

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财富 财富管理 财富于 $10M财富于 $25M财富于 $50M财富于 $100M财富于 $250M财富于 $500M财富于 $1B+
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Rule Against Perpetuities (RAP)

定义

A legal rule that historically limited how long a trust could hold property before it had to terminate and distribute assets to beneficiaries.

The Rule Against Perpetuities, often abbreviated RAP, developed in English common law to prevent families from tying up property in trusts indefinitely. The traditional formulation required that all interests in a trust vest, or become legally fixed, within a life in being at the trust's creation plus twenty-one years. In plain terms, a trust could not last forever; it had to eventually end and transfer assets outright to people.

For wealthy families, the RAP mattered enormously because dynasty-style planning (holding assets in trust across many generations) ran directly into this limit. A family hoping to shelter wealth in a dynasty trust for great-grandchildren and beyond could find the structure legally invalid in states that still enforced the rule strictly.

A common confusion is assuming the RAP applies uniformly everywhere. Many U.S. states have now abolished or substantially relaxed it, allowing perpetual or near-perpetual trusts. Other states retain modified versions. A hypothetical founder who sells her manufacturing company and wants to establish a multi-generational trust must work with a qualified attorney to understand which state's law governs, because the choice of trust situs, meaning the state where the trust is administered, can determine whether the RAP applies at all.

最近审阅 August 25, 2026 · 编辑政策

财富阶梯

管理重量级财富 财富于 $10M财富于 $25M财富于 $50M财富于 $100M财富于 $250M财富于 $500M财富于 $1B+

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税务 遗产规划 Trust 慈善 保险 风险管理 银行与信贷

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