Title
Microsoft Word - Spica April 6
By
HallmanA
Description
A TRAP FOR THE WARY: DELAWARE’S ANTI-DELAWARE-TAX-TRAP STATUTE IS TOO CLEVER BY HALF (OF INFINITY) James P. Spica∗ Editors’ Synopsis: Delaware’s statutory anti-Delaware-tax-trap provision, Delaware Code title 25 section 504, is ineffectual with respect to personal property held in trust. With respect to such property, section 504 fails to disarm the Delaware tax trap for want of a finite perpetuities testing period. In enacting this ineffectual protection, Delaware inadvertently baited the “trap...

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