Trust Issues: A thousand year trust with compound interest could bankrupt the world
Perpetual trusts have been a feature of the western world for centuries. But while a thousand year trust with compound interest could help save for the future, it could also bankrupt the world. In his fascinating essay in Lapham’s Quarterly, Paul Collins highlights some of the more contentious trusts in history and also shows us why governments have tried to outlaw perpetual trusts.
From Lapham's Quarterly