This rule requires that a trust must terminate no later than 21 years after the death of the last life-in-being (the measuring life) that was in existence at the time the trust was created.
Jayne is a partner at the law firm Sykora & Santini. Prior to law school, Jayne began her professional career as a marketing professional for American Republic Insurance Company in Des Moines, Iowa. View all posts by Jayne Sykora