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LSDefine

Simple English definitions for legal terms

rule against accumulations

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A quick definition of rule against accumulations:

The rule against accumulations is a legal rule that states that income from property can only be accumulated and distributed to certain beneficiaries within a certain period of time, known as the perpetuity period. This means that any direction to accumulate income beyond this period is not valid. This rule is related to the rule against perpetuities.

A more thorough explanation:

The rule against accumulations is a legal principle that states that any direction to accumulate income from property can only be valid if it is limited to the perpetuity period. This means that the income must be distributed to certain beneficiaries within a certain time frame.

For example, if a person leaves a will that directs their property to be held in trust for their grandchildren until they reach the age of 25, this direction would be valid under the rule against accumulations. However, if the will directed that the property be held in trust for the grandchildren for 50 years, this direction would be invalid because it exceeds the perpetuity period.

The rule against accumulations is closely related to the rule against perpetuities, which limits the time period during which property can be controlled by a trust or other legal instrument. Both rules are designed to prevent property from being tied up for too long and to ensure that it can be used for the benefit of future generations.

rule absolute | rule against inalienability

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hey yall
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Dkk
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Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
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