Okay, I guess that makes sense. Because the grantor can’t have any more daughters, they are the measuring life. But the daughters can have more children, so the children should not be the measuring life. That’s what the poster above said, that they were a “closed” set of inheritors, correct?
Thanks! This makes sense, finally.
a. The daughters are specifically named
b. When O dies, O can’t have anymore grandchildren, so even if the daughters were not named, the grant to them would be ok because that class is “closed”
c. when O dies, the class of grandchildren is “open” because the daughters are still alive.
How is this going. Do you understand the Rule now?
This thread reminds me of one of the first threads I participated in on the boards, more than four years ago (ulp!). In that thread, we discussed some of the fun problems in Perpetuities like the fertile octogenarian and the precocious toddler. There is some small chance it might aid in understanding of the issue (or totally confuse you further).