What is the maximum period a trust may last?

Prepare for the ATT Law Exam. Practice with multiple choice questions, each providing hints and explanations. Be well-prepared for exam day!

Multiple Choice

What is the maximum period a trust may last?

In trust law, there is a limit to how long a trust can last to prevent assets from being tied up forever. The modern limit in England and Wales is 125 years, set by the Perpetuities and Accumulations Act 2009. This means, in general, a trust cannot run for more than 125 years from its creation; after that, the trust must vest, terminate, or be rearranged under the statute. The other durations don’t reflect this current statutory ceiling.

In trust law, there is a limit to how long a trust can last to prevent assets from being tied up forever. The modern limit in England and Wales is 125 years, set by the Perpetuities and Accumulations Act 2009. This means, in general, a trust cannot run for more than 125 years from its creation; after that, the trust must vest, terminate, or be rearranged under the statute. The other durations don’t reflect this current statutory ceiling.

More practice questions