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Simple English definitions for legal terms

rule against trusts of perpetual duration

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A quick definition of rule against trusts of perpetual duration:

The rule against trusts of perpetual duration is a principle that states that property cannot be made nontransferable. This means that if someone creates a trust that lasts forever, it goes against this rule and is not allowed. This rule is also known as the rule against inalienability and is different from the rule against perpetuities, which limits how long a trust can last.

A more thorough explanation:

The rule against trusts of perpetual duration is a legal principle that prohibits the creation of trusts that last forever. This rule is also known as the rule against inalienability, which means that property must not be made nontransferable.

For example, if a person creates a trust that is designed to last forever, it would violate the rule against trusts of perpetual duration. The trust must have a specific end date or event that triggers its termination.

Another example is if a person creates a trust that restricts the transfer of the property to future generations. This would also violate the rule against inalienability because it would make the property nontransferable.

The purpose of this rule is to ensure that property remains transferable and can be used for the benefit of society. By limiting the duration of trusts, the law encourages the efficient use of property and prevents it from being tied up in perpetuity.

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jackfrost11770
13:56
I got a UR when I emailed themc
jackfrost11770
13:56
But it would be nice to have something at least
lilypadfrog
13:56
like whether the date changes. is that actually indicative of something. I feel like people have said they got in without a second date change
jackfrost11770
13:56
I just cannot believe I thought I would have more or less of an idea where I'd be going to law school by end of January
13:56
went complete at penn a month ago with still no UR
jackfrost11770
13:56
How was that too ambitious of a thought
jackfrost11770
13:57
March at the very least atp
13:57
@llama: thank you!!! 44 apps thats crazy dude
Trismegistus
13:57
jack me too buddy
lilypadfrog
13:57
@info-man: I applied like a week before you and just went UR a couple days ago you’ll get there in a minute
13:57
I'm actually never gonna hear from BU
13:57
definitely not ambitious at all. this cycle's turning out to be as slow as the last one probably due to high app volume
13:57
@lilypadfrog: okay cool good to know
13:58
i really think they should push back seat deposits to june
13:58
its unfair
jackfrost11770
13:58
Recent boo I applied to BU in Oct
13:59
I've been complete since mid Sept:(
13:59
If I knew I would still be waiting in January I probably wouldn't have applied so early
jackfrost11770
14:00
Me neither
jackfrost11770
14:00
Someone applied to nyu in December and got today
jackfrost11770
14:00
I mgoikg to lose my fucking mind
14:01
re seat deposit: does any1 know if u can request to delay 1st seat deposit? some school are really early it seems
[] starfishies
14:02
if they delayed decisions we should be able to delay deposits... but we do not live a perfect world so i doubt it
lilypadfrog
14:03
yeah you can request an extension. usually it’s like a week though
14:03
i need tips for not falling asleep at work
drugs
14:03
can we talk about something interesting like i dont know drugs sex death
ReminiscentZestyFish
14:04
Everyone admitted to penn looks like above medians
14:04
time to harass glove on linkedin
lilypadfrog
14:06
that’s a good way to stay awake. tell him to come back here
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