1
Q
What are the two perpetuity rules?
A
1.) The rule against remoteness of vesting
2.) The rule against inalienability
2
Q
What sort of trusts does the rule against inalienability relate to?
A
Non-purpose trusts
3
Q
What is the perpetuity period regarding the time against remoteness of vesting?
A
125 years
4
Q
Which of the perpetuity rules is common law?
A
The rule against inalienability
5
Q
Which of the rules is statutory?
A
The rule against remoteness of vesting
6
Q
What is the common law perpetuity period?
A
21 years
7
Q
What should be included in all non-purpose trusts to ensure they are valid?
A
An express perpetuity clause
