THE LURKING RULE AGAINST ACCUMULATIONS OF INCOME.

Discusses the provisions of the rules against perpetuities and accumulations of income. Purposes of the Rule Against Perpetuities; Background on the British House of Lords case Thellusson versus Woodford, the origin of the income rule, which arose from the will of merchant and financier Peter Thellusson; Factor that led to the abolition of the perpetuity regime.