WOW!
“The agreement includes a royal clause that dates back to 1692 in Britain and would extend its term limit for decades.
This “Declaration shall continue in effect until 21 years after the death of the last survivor of the descendants of King Charles III, King of England, living as of the date of this declaration,” the document said. This kind of clause is most often used in the U.K., typically when it comes to trusts, and provides a buffer against perpetuities.
“So, as long as one of those grandchildren makes it 80, this clause would be there for 100 years,” explained Robert Lord, senior advisor on tax policy at progressive group Patriotic Millionaires.”
https://www.cnbc.com/2023/03/30/disney-ron-desantis-royal-lives-clause.html WOW!
“The agreement includes a royal clause that dates back to 1692 in Britain and would extend its term limit for decades.
This “Declaration shall continue in effect until 21 years after the death of the last survivor of the descendants of King Charles III, King of England, living as of the date of this declaration,” the document said. This kind of clause is most often used in the U.K., typically when it comes to trusts, and provides a buffer against perpetuities.
“So, as long as one of those grandchildren makes it 80, this clause would be there for 100 years,” explained Robert Lord, senior advisor on tax policy at progressive group Patriotic Millionaires.” https://www.cnbc.com/2023/03/30/disney-ron-desantis-royal-lives-clause.html