Today's Rule Against Perpetuities may also be called the Rule Against Dynasty Trusts. Read more on a discussion that addresses the various perspectives on this ruling.

A dynasty trust is an irrevocable trust that continues for as long as applicable state law allows. A dynasty trust can be drafted to avoid estate taxes, creditors and divorcing spouses for this period of time. The primary beneficiary can be given control of the dynasty trust by being named as the controlling trustee. A Nevada dynasty trust can last for up to 365 years and thus is one of the leading dynasty trust jurisdictions.

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