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Simple English definitions for legal terms

Statute of Accumulations

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A quick definition of Statute of Accumulations:

The Statute of Accumulations was a law that said people couldn't keep adding more and more property to a deed or will forever. After a certain amount of time, they had to stop adding to it. This law was made in 1800.

A more thorough explanation:

The Statute of Accumulations is a historical law that prohibited the accumulation of property beyond a certain period, which was settled by a deed or will. This law was enacted in 1800 under the 39 & 40 Geo. 3, ch. 98.

For example, if a person left a will that stated their property should be held in trust for their children until they reach the age of 25, the Statute of Accumulations would limit the accumulation of income from that property to 21 years. After 21 years, any income that had not been distributed would be forfeited to the Crown.

Another example would be if a person settled a trust that would accumulate income for a period of 50 years. The Statute of Accumulations would limit the accumulation of income to 21 years, and any income that had not been distributed after that time would be forfeited to the Crown.

These examples illustrate how the Statute of Accumulations was designed to prevent the hoarding of wealth and ensure that property was distributed fairly among beneficiaries. It also ensured that the Crown received its fair share of income from accumulated property.

statute mile | Statute of Allegiance de Facto

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12:48
more << better
Mostlylegal
12:48
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noreaster
12:48
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ive still never been kissed
12:48
also, am not married so, not my fault.
Mostlylegal
12:48
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noreaster
12:49
u guys ever seen that lonely island song
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noreaster
12:49
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noreaster
12:49
He’s not even in the military
Mostlylegal
12:49
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12:49
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Mostlylegal
12:49
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average nondenom service
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noreaster
12:50
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Mostlylegal
12:50
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noreaster
12:50
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noreaster
12:52
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Mostlylegal
12:52
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MOGlylegal? windyMOGician?
if you can marry a sister you're rich son
12:53
does givin brain mean exchanging ideas like the human experience, meaning of life, philosophy, science and math, the human experience, and a deeper meaning?
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