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which section of a trust provides that the trust will terminate no later than 21 years...

which section of a trust provides that the trust will terminate no later than 21 years after the death of the last surviving beneficiary who was living at the time the trust was created

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Answer #1

Declaration of Trust is a document or oral statement which establishes that a Property is held for the benefit of another person.

The document has various sections. Under the Duration of Trust or Policy of Rule section, the same can be defined.

Under the Miscellaneous Section there is Sub-section by Name "PERPETUITIES SAVINGS" under which it is mentioned that

"Notwithstanding the other sections of the trust, the trust will terminate no later than 21 years after the death of the last surviving beneficiary who was living at the time the trust was created."

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