Alliance Trust’s Greg Crawford appeared in the New York Times over the weekend, discussing the issue of “perpetual trusts.” The link to the article is here. Trust law in the United States evolved from England, which via case law established the “Rule Against Perpetuities” in 1682. This law, refined by future cases, effectively limited trust duration to approximately 90-100 years. Recently, many states and foreign countries have either repealed the rule or have extended the duration of trusts far beyond the legal relic of the rule. Nevada trusts can last for as long as 365 years. In the NYT Greg discusses how a Nevada court would react to another court asserting jurisdiction over a Nevada trust, and how Nevada protects its trust and estates industry. Alliance has worked for years with the legislature to enhance and protect what many consider to be the best trust laws in the country. If you have questions as to how a Nevada trust could benefit you and your family for generations to come, call Greg Crawford in Reno at 775-297-4684.