Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

rule against accumulations

Read a random definition: relative-responsibility statute

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

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
LSD+ is ad-free, with DMs, discounts, case briefs & more.