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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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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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