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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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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
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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