Alabama § 19-3D-20 Duration of Second Trust

Alabama Statutes

§ 19-3D-20 — Duration of Second Trust

Alabama·Title 19 Fiduciaries and Trusts·Ch. 3D Alabama Uniform Trust Decanting Act

(a)Subject to subsection (b), a second trust may have a duration that is the same as or different from the duration of the first trust.

(b)To the extent that property of a second trust is attributable to property of the first trust, the property of the second trust is subject to any rules governing maximum perpetuity, accumulation, or suspension of the power of alienation which apply to property of the first trust.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) Subject to subsection (b), a second trust may have a duration that is the same as or different from the duration of the first trust.
(b) To the extent that property of a second trust is attributable to property of the first trust, the property of the second trust is subject to any rules governing maximum perpetuity, accumulation, or suspension of the power of alienation which apply to property of the first trust.

Alabama § 19-3D-20 (Duration of Second Trust) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.