Offshore Trust - Anachronistic Common Law Rules

Anachronistic Common Law Rules

Many offshore jurisdictions have also legislated to abolish certain anachronistic common law rules which sometimes cause difficulty for trust planning. These include:

  • Rule in Howe v Earl of Dartmouth
  • Rule in Maloney v Alveranga
  • Rule in Re Atkinson

Read more about this topic:  Offshore Trust

Famous quotes containing the words common, law and/or rules:

    The common argument that crime is caused by poverty is a kind of slander on the poor.
    —H.L. (Henry Lewis)

    Lawyers are necessary in a community. Some of you ... take a different view; but as I am a member of that legal profession, or was at one time, and have only lost standing in it to become a politician, I still retain the pride of the profession. And I still insist that it is the law and the lawyer that make popular government under a written constitution and written statutes possible.
    William Howard Taft (1857–1930)

    ... cooking is just like religion. Rules don’t no more make a cook than sermons make a saint.
    Anonymous, U.S. cook. As quoted in I Dream a World, by Leah Chase, who was quoted in turn by Brian Lanker (1989)