Читать книгу Form 1041 - Stephen Brooks - Страница 32

Under the law of many states, a trust must terminate under what is known as the rule against perpetuities. This rule originated as a part of the law, which first developed the legal concept of what a trust is and how it is to be administered. Under the rule, a trust must end no later than the death of the last trust beneficiary living upon the creation of the trust plus 21 years. Some states have specifically revoked the rule, and in those states, a trust can theoretically last forever (in perpetuity).

At the time that this course was written, the following 29 states and the District of Columbia allow for trusts to continue well past the previously listed limitations and in most cases, continue into perpetuity.

 Alaska

 Arizona

 Arkansas

 Colorado

 Delaware

 District of Columbia

 Florida

 Hawaii

 Idaho

 Illinois

 Kentucky

 Maine

 Maryland

 Michigan

 Missouri

 Nebraska

 Nevada

 New Hampshire

 New Jersey

 North Carolina

 Ohio

 Pennsylvania

 Rhode Island

 South Dakota

 Tennessee

 Utah

 Virginia

 Washington

 Wisconsin

 Wyoming