Frank S. Berall, of Copp & Berall, says Connecticut lawyers are losing trust business to Delaware and Alaska, where statutes modify or abolish the common law Rule Against Perpetuities.
Okay, you can’t live forever, and you can’t take it with you. But in more states every year, the obscenely rich can leave their money to “dynastic” trusts specifically designed to take on a life of their own.
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