Skip navigation
1219-TE-zeydel.jpg

What’s Happened to Settlor Intent?

State laws become more liberal in permitting trust modifications after the fact.

The advent of the current version of the generation-skipping transfer tax is at least partially responsible for the increased popularity of long duration irrevocable trusts.1 Many states have modified their statutes to accommodate this trend either by eliminating the rule against perpetuities or by substantially increasing the period during which a party may hold property in trust.2 An increased desire to achieve asset protection3 through the use of trusts may

ARTICLE ACCESS REQUIRED

Please Log in if you are currently a Trust&Estates subscriber, or select DAYPASS for our new 24 hour access (nominal fee required).


If you are interested in unlimited article access for one year, please select Annual Subscription below.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish