Delaware in 1995 rejected the common law principal that limits the duration of a trust and enacted legislation that allows personal property to remain in trust forever. Real property can remain in trust for 110 years. This limit can be extended with proper planning.
Delaware is one of the few jurisdictions that allows the creation of a perpetual trust for other than charitable purposes.
These extended trust terms offer an extraordinary degree of permanency and the potential for significant planning opportunities.
This statute makes Delaware a preferred location for an individual who is establishing a trust arrangement to take advantage of the Generation Skipping Tax exemption for as long as legally possible.
Christiana Trust's stability, knowledgeable administrators, and attention to detail make us the fiduciary of choice for individuals seeking to take advantage of this unique Delaware Legislation.