Monday, August 23, 2010

A Dynasty Trust for Dubya and Barack?

From Curtailing Dead-Hand Control: The American Law Institute Declares the Perpetual-Trust Movement Ill Advised:
If Samuel Hinckley, who died in Massachusetts in 1662, had created a perpetual or a near-perpetual trust for his descendants, the more-than-100,000 beneficiaries living in 2010 would include President Barack Obama and his descendants and former President George H.W. Bush and his descendants (including former President George W. Bush).
H/T to the Wills, Trusts and Estates Prof for calling attention to this paper.

Related post: Return of the Dead Hand

No comments: