Title
Overview of State Laws
By
John A. Warnick and Sergio Pareja
Description
60 PROBATE& PROPERTY MARCH/APRIL 2002 Overview of State Laws1 State Rule Against Asset Trust State Noncorporate Income Perpetuities Jurisdiction Tax Rate Alabama Common Law2; No. 2% to 5%; ALA. CODE § 35-4-4 (2000). ALA. CODE § 40-18-5. Alaska 1000 years; Yes; 0%; ALASKA STAT. § 34.27.051; ALASKA STAT. ALASKA STAT. §§ 36.10.005 and H.B. 34 (2001). § 13.12.205. 43.20.010 (repealed tax). Arizona Opt out of USRAP3 is possible; No. 2.87% to 5.04%; ARIZ. REV. STAT. ARIZ. REV. STAT. § 43-1011. §§ 14...

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