X-Message-Number: 12390
Date: Thu, 9 Sep 1999 10:51:12 EDT
Subject: Delaware has unlimited trusts

Thomas Donaldson writes:

>To my knowledge, every US state has laws that disallow
>trusts which last indefinitely (if anyone knows differently for sure,
>I'd like them to reply!!!).

Thomas, look at your March/April 1999 issue of THE IMMORTALIST, article by 
attorney Joe Kowalsky, a member of the CI Board of Directors. Delaware (and 
also the Canadian province of Manitoba) appear to have totally eliminated the 
Rule Against Perpetuities (except for real estate assets in Delaware, which 
has a 110 year limitation; other types of assets no limitation). A few other 
states have partly rescinded the Rule....Of course, there is never a 
guarantee that a state or nation will not change the rules in the future, 
although one would expect grandfather clauses in new legislation.

Robert Ettinger
Cryonics Institute
Immortalist Society

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