Interesting. Are you saying they grandfathered in Trusts setup prior to 1969? And those Trusts, if established prior to the 1969 revision, do not have to comply with the post 1969 "rules"?

This probably means there is high demand for pre 1969 Trusts if they can be taken over and repurposed for more modern entities. From what I understand it is possible to have an "empty Trust" setup with all the correct paperwork just waiting for asset insertion. Unclear if there is an expiration date or how a "limited life" Trust is made effectively "infinite life".

Interesting. Are you saying they grandfathered in Trusts setup prior to 1969? And those Trusts, if established prior to the 1969 revision do not have to comply with the post 1969 "rules"?

This probably means there is high demand for pre 1969 Trusts if they can be taken over and repurposed for more modern entities. From what I understand it is possible to have an "empty Trust" setup with all the correct paperwork just waiting for asset insertion. Unclear if there is an expiration date or how a "limited life" Trust is made effectively "infinite life".