Dick Adams <rdad...[at]smart.net> wrote:

- quote -

What you are looking for is a list of state law with regard
to the rule against perpetuties (RAP). There are a few
states that have repealed the RAP, other states have very
long RAPs (such as 300 to 1000 years), and others have very
short RAPs (such as 21 years). You can easily search the
Illinois Codes to find this rule for your state.

Regardless, you can "situs" or locate a trust in any state
you want -- so you are not necessarily reliant on Illinois
law (you may want to avoid it anyway, as Illinois imposes a
trust income tax/GST tax).

Kreig Mitchell
www.irstaxtrouble.com
www.irstaxtrouble.com/blog.htm

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

One of the posts says there are no unlimited perpetuities
and other says there are. I am confused.

This issued came up as to whether a "frozen dead guy" could
pass assets to his eventually revived self-centuries in the
future.

(Theres one in a hippie suburb of our city with an annual
frozen-dead-guy festival.) Most trusts are require some
aspect of it be connected with a living entity either the
funder or beneficiery, or have a built-in dissipation such
as charity trusts. Generally the dead have very limited
rights and their heirs would be jealous of keeping assets.

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

William Brenner <wbrenner[at]nospamplease.net> wrote:

- quote -

I've had problems with them, too. Try snipurl.com

- quote -

The search works better if you put quotations marks around
the phrase when you search in google.

Stu

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

"Dick Adams" <rdadams[at]smart.net> wrote:

- quote -

I believe South Dakota does not have a Rule Against
Perpetuities.

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

Dick Adams wrote:

- quote -

You want overload? Look at this:

http://www.google.com/search?client=...UTF-8&oe=UTF-8

The above is the result of a Google search for Dynasty
Trusts. (I no longer use TinyURL since the last two times
failed.)

A Google search for Dynasty Trusts in Illinois will reveal
that they appear to indeed be legal there as well as in
other listed states.

When in doubt, Google.

Bill

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

Dick Adams <rdadams[at]smart.net> wrote:

- quote -

According to this article, dynasty trusts are permitted in
these states: Illinois, Alaska, South Dakota, Wisconsin,
Idaho and Delaware.
http://www.dcba.org/brief/aprissue/1999/art30499.htm

I saw another article indicating that New Jersey also allows
them.

Here's one Chicago attorney who advertises them:
http://www.willsandtrustschicago.com/dynasty.htm

Stu

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

I am going to research Dynasty Trusts for my step-mother.
Does Illinois allow Dynasty Trusts?
Where can I find a list of States that do?
....
Where, on the Internet, can I locate "information overload"
on Dynasty Trusts?

<< ================================================== ===== > << The above is intended for educational purposes only. > << It does NOT constitute legal OR professional advice. > << It cannot be used by any taxpayer, for the purpose of > << the purpose of avoiding penalties that may be imposed > << upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >