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What is a Vesting Date for the Trust?

Most States and Territories have a rule that requires trusts to end after 80 years at the latest. This rule, known as the ”rule against perpetuities” ensures that assets can’t be tied up in a trust indefinitely. This is generally called vesting date.
South Australia abolished the rule against perpetuities some years ago, but even
there, any beneficiary can request to end the trust after 80 years. In all other States, this rule remains in place. The deed we facilitate has an 80-year vesting date so the trust must come to an end within 80 years.