The purpose trust has evolved into a powerful estate-planning trust in the United States. It’s a non-charitable trust without beneficiaries that generally perpetuates a purpose: to care for property. It began mainly as a pet trust because pets are considered property. The purpose trust has since evolved to include many expanded purposes.1 Additionally, the purpose trust durations have extended beyond the typical 21 to 25 years of the initial pet trust statutes. The modern purpose
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