The Sleeper Has Awakened: The Rule Against Accumulations and Perpetual Trusts

22 Pages Posted: 20 Nov 2013

Date Written: November 19, 2001

Abstract

"The sleeper has awakened!" This dramatic statement referred to a science fiction universe brimming with conniving assassins, bewitching concubines, and political intrigues in need of a mighty warrior to restore the balance of good and evil. Surprisingly, this statement may be just as applicable to the law and specifically to Rule Against Accumulations. While this may seem overly grandiose applied to a Rule many have not heard of, the Rule Against Accumulations may prove pivotal in the evolving law that permits trusts to endure forever.

Keywords: Trusts and Estates, Rule against Accumulations, Perpetual Trusts

Suggested Citation

Sneddon, Karen J., The Sleeper Has Awakened: The Rule Against Accumulations and Perpetual Trusts (November 19, 2001). Tulane Law Review, Vol. 76, p. 189, 2001. Available at SSRN: https://ssrn.com/abstract=2357165

Karen J. Sneddon (Contact Author)

Mercer Law School ( email )

1021 Georgia Ave
Macon, GA 31207-0001
United States

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