Probate & Trust Law Section Conference Manual ... - Minnesota CLE

ii. States:
1. Alaska 43 – 1,000 years (if limited power of appointment utilized)
2. Alabama 44 – 360 years
3. Colorado 45 – 1,000 years
4. Delaware 46 – 110 years with real estate
5. Florida 47 – 360 years
6. Nevada 48 – 365 years
7. Tennessee 49 – 360 years
8. Utah 50 – 1,000 years
9. Washington 51 – 150 years
10. Wyoming 52 – 1,000 years
f. RAP Approach #4: Makes RAP a default but allows drafters to opt out in trust
instrument (hybrid of approach #1)
i. Introduction: Most of the states utilizing this RAP approach have not abrogated
their RAP. Consequently, these states’ choice of a default rule, either common
law or USRAP, probably controls for GST tax exemption allocation purposes. 53
ii. States:
1. Illinois 54
2. Maine 55
3. Maryland 56
4. Michigan 57
5. Ohio 58
6. Virginia 59
Please note: Illinois keeps the common law RAP, with some alterations,
as a default rule, but permits those seeking to create perpetual trusts to
opt out. 60 Would-be dynasty trust settlers can create a “qualified
43 ALASKA STAT. §§ 34.27.100, 34.27.051.
44 ALA. CODE §§ 35-4A-1 – 35-4A-8.
45 COLO. REV. STAT. § 15-11-1102.5.
DEL. CODE ANN. tit. 25, § 503.
47 FLA. STAT. § 689.225.
48 NEV. REV. STAT. §§ 111.103 – 111.1039.
49 TENN. CODE ANN. §§ 66-1-202 – 66-1-208.
50 UTAH CODE ANN. §§ 75-2-1201 – 75-2-1209.
51 WASH. REV. CODE § 11.98.130.
52 WYO. STAT. ANN. §§ 34-1-139.
53 Moritz and Worthington “Problems and Promise,” supra note 5.
54 765 ILL. COMP STAT. §§ 305/1-305/6.
55 ME. REV. STAT. ANN. tit. 33, § 101-A.
56 MD. CODE ANN., EST. & TRUSTS §§ 11-102 – 11.103.
57 MICH. COMP. LAWS §§ 554.71 – 554.78, 554.91 – 554.94.
58 OHIO REV. CODE ANN. §§ 2131.08, 2131.09.
59 VA. CODE ANN. §§ 55-12.1 – 55-12.6, 55-13.3.
60 765 ILL. COMP STAT. §§ 305/1-305/6.
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