Reform of rap: “wait and see” or “second look” doctrine: validity of any suspect future interest is determined on basis of facts as they
now exist at conclusion of measuring life, eliminating the “anything is possible” line of inquiry; uniform statutory rule against
perpetuities (usrap) codifies common law rap and provides for an alternative 90-year vesting period; both “wait and see” and usrap embrace
cy pres doctrine (“as near as possible”) and allow the courts to reform a disposition so that it most closely matches grantor’s intent and
complies with rap; they also both embrace the reduction of any offensive age contingency to 21 years
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