Legal Question in Wills and Trusts in Massachusetts
Life of a (Family Realty) Trust
What is the length of trusts in Massachusetts that would fall under the family or realty variety. 100 years? In perpetuity? Also, if this trust is recorded at the Registry of Deeds, would the entire text of the trust be available (there)? Thanks.
Asked on 5/02/05, 4:57 pm
1 Answer from Attorneys
Patricia Bloom-McDonald
Law Offices of Patricia Bloom-McDonald
Re: Life of a (Family Realty) Trust
MA does not allow family Trusts to last in perpetuity. A trust will last 90 years or less, depending on what property is left in the trust. A charitable trust is the only trust that can remain intact for an unlimited amount of time.
A nominee Trust can be recorded at the Registry of Deeds, in lieu of the Full trust.
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Attorney Patricia Bloom-McDonald
781-341-0099
Answered on 5/02/05, 5:09 pm