Where the property is to be increased by accumulation, it is sufficient if within the perpetuity period there is a person in existence entitled to take the property, whatever its value or amount1, that is to say if the limitation is vested and in possession in other respects2.
Where, however, the direction for accumulation forms a condition precedent to the alienee's interest, and that accumulation may extend beyond the legal limits and cannot be stopped and the fund disposed of by the alienee, the direction is void3.
In so far
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234