700.16 Perpetuities and suspension of power of alienation.
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/wi/chapter-700/700-16A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
700.16 Perpetuities and suspension of power of alienation.
(a)A future interest or trust is void if it suspends the power of alienation for longer than the permissible period. The permissible period is a life or lives in being plus a period of 30 years.
(b)If the settlor of a living trust has an unlimited power to revoke, the permissible period is computed from termination of such power.
(c)If a future interest or trust is created by exercise of a power of appointment, the permissible period is computed from the time the power of appointment is exercised if the power of appointment is a general power of appointment, as defined in s. 702.102
(7), even if the general power of appointment is exercisable only by will. In the case of other powers of appointment the permissible period is computed from the time the power of appointment is created but facts at the time the power of appointment is exercised are considered in determining whether the power of alienation is suspended beyond a life or lives in being at the time of creation of the power of appointment plus 30 years.
(2)The power of alienation is suspended when there are no persons in being who, alone or in combination with others, can convey an absolute fee in possession of land, or full ownership of personalty.