The Rule Against Perpetuities in Trusts - Old Law & New
- Podcast Location:
- Download it here [file size: 28.3 MB]
- Categories:
-
Trusts & Charities
- CPD Points:
- Up to 1 point. details »
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Listen and pass the quiz: Gain 1 CPD point (60 minutes)
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- Cost:
- a) £65+VAT for this CPDcast only
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- Length:
- 30 minutes of audio
(+ optional 5 minute online quiz) - Plays on Computer:
- Yes Downloadable as MP3: Yes
- Contributor(s):
- Course Aims:
The podcast serves to guide the listener through the complex principles of this area of law using examples in an easy to follow style. It will teach the listener how the traditional common law rules have been modified by the 1964 statute and will be changed further by the enactment of the new Perpetuities Bill. It will assist practitioners to identify for themselves and explain to clients the limitations of dispositions of future property and provisions for accumulating income when drafting deeds of settlement and wills.
This podcast is suitable for all levels of practitioner in traditional Chancery or private client practice.
- Outcomes:
- After completing the course you will:
- Be able to identify and understand the 3 main branches to the rule against perpetuity.;
- Be able to identify what types of disposition are at risk of being void or voidable for perpetuity.;
- Understand the effect of the rule against perpetuities at common law and as modified by statute.;
- Know the rules on the power to accumulate income with capital for an long period of time.
- Level:
- Complex
- Classification:
-
Legal Principles
Legislative Updates
- Sources and References:
-
- Perpetuities and Accumulations Act 1964 ss 3(4), 3(5), 4(1) 12(1), 14;
- Law of Property Act 1925 ss 164, 165, 166;
- Trustees Act 1925 s 31;
- Human Fertilization & Embryology Act 1990 ss 28(6)b;
- Saunders v Vautier (1841) 4 Beav 115;
- Andrews v Partington 29 ER 610;
- Morice v Bishop of Durham (1805) 10 Ves. Jr. 522;
- Perpetuities and Accumulations Act 2009 ss 10, 11, 12, 13.
In this podcast, James Sheedy aims to provide private client and trust practitioners with a comprehensive overview of the rule against perpetuities in trusts. The podcast examines the rule against the remoteness of vesting, the rules concerning the excessive accumulation of income and the duration of private purpose trusts.
This podcast addresses the changes to the law by the Perpetuities & Accumulations Act 2009 which received the Royal Assent on 12/11/09
Podcast added: 06/10/09
Podcast last reviewed: 2011-06-28
