Section 1.41 Class Gifts

• Library: Trusts and Powers 2013 Supp

B. (§1.41) Class Gifts

Classes of persons may be used to define the beneficiaries of a trust. “Children” and “grandchildren” are terms commonly used. Class gifts are a means of providing flexibility in beneficiaries and of referring to children or other descendants of the settlor or of some other person. They are particularly important in giving future interests to the descendants of a person. But the use of class terminology such as per stirpes or per capita in a trust provision can present problems in...