Prepared by an accountant/lawyer, the mandate of this paper is to help legal advisors better understand and advise settlors or trustees on how to properly deal with the 21 Year Rules. Specifically, the author discusses the policy underlying the Rules, explains their operation and describes some common strategies for dealing with them.

This paper is part of a collection presented at LESA’s 48th Annual Refresher: Wills & Estates in 2015.