| This is also about the length of time that discount rates converge to perpetuities. |
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| The study found that simply changing a state's perpetuities laws wasn't enough to attract trust assets. |
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| The new trust's terms do not postpone the vesting of trust principal beyond the perpetuities period applicable to the original trust. |
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| The Act abolished Alaska's rule against perpetuities and authorized the creation of self-settled spendthrift trusts. |
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| The rule against perpetuities does not apply under Illinois law if the trust so states, and the power of the trustee to sell property is not limited by the trust instrument. |
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| In addition, a growing number of jurisdictions, including New Jersey, Delaware, Alaska, South Dakota, Wisconsin, and Idaho have abolished the rule against perpetuities. |
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| To obtain maximum advantage, it might be desirable to have the trust created in a jurisdiction with no rule against perpetuities, so that the trust can last indefinitely. |
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| The optimal trust term to defer transfer taxes is a trust that will end on the expiration of the period established by the Rule Against Perpetuities. |
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