§ 1420.
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/vt/1420-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 1420. Duration of second trust
(a)Subject to subsection
(b)of this section, 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 that apply to property of the first trust. (Added 2023, No. 177 (Adj. Sess.), § 1, eff. July 1, 2024.)