The Dead Hand and the Law of Trusts in the Nineteenth Century

Abstract

This article discusses a basic paradox at the core of liberal property law.' Individual freedom to dispose of consolidated bundles of rights cannot simultaneously be allowed and fully maintained.If the donor of a property interest tries to restrict the donee's freedom to dispose of that interest, the legal system, in deciding whether to enforce or void that restriction, must resolve whose freedom it will protect, that of the donor or that of the donee.Although post-realist American property lawyers acknowledge this conflict, at least nominally, 2 it did not emerge