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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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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
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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
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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
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JumpySubsequentDolphin
22:39
@splitty Oregon!
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JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
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