Which of the following statement concerning the legal limitations placed on the duration of trusts are correct? A state that does not have a rule against perpetuities is recommended for a revocable trust the common-law rule against perpetuities allow a trust to exist for 170 years. A dynasty trust can be set up in any state within the U.S.
Which of the following statement concerning the legal limitations placed on the duration of trusts are correct? A state that does not have a rule against perpetuities is recommended for a revocable trust the common-law rule against perpetuities allow a trust to exist for 170 years. A dynasty trust can be set up in any state within the U.S.
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![Which of the following statement concerning the legal limitations placed on the duration of
trusts are correct?
A state that does not have a rule against perpetuities is recommended for a revocable trust
the common-law rule against perpetuities allow a trust to exist for 170 years.
O A dynasty trust can be set up in any state within the U.S.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8108afd6-b5a7-4173-8d96-272e42ad59be%2F87882b6f-73ed-4d03-ab2b-9a6153552677%2Fpy0ns8u_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Which of the following statement concerning the legal limitations placed on the duration of
trusts are correct?
A state that does not have a rule against perpetuities is recommended for a revocable trust
the common-law rule against perpetuities allow a trust to exist for 170 years.
O A dynasty trust can be set up in any state within the U.S.
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