‘Oregon Authorizes Purpose Trusts’

“In The Continuing Rise of the Purpose Trust (Leimberg Newsletter), Alexander A Bove, Jr and Melissa Langa discuss the new Oregon purpose trust statute: ‘Little by little the purpose trust has been making its way into US law and estate planning. In the Leimberg Newsletter #2711, LISI contributor Alexander Bove reviewed the basics of purpose trusts and how they could be used to hold a family business in perpetuity, while still retaining control and providing benefits for the family …'” (more)

[Gerry W Beyer, Wills, Trusts and Estates Prof Blog, 28 July]

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