(UTC 404) A trust may be created only to the extent its purposes are lawful, not contrary to public policy, and possible to achieve. A trust and its terms must be for the benefit of its beneficiaries.
Neb. Rev. Stat. § 30-3830
(UTC 404) Trust purposes
Applied in 1 court decision — leading case In Re Estate of Hedke (2009)
Most recently applied in In Re Estate of Hedke (October 2009)
Laws 2003, LB 130, § 30.
Official source: Nebraska Legislature. Reproduced from public-domain Nebraska statutes; confirm against the official source for the current text. Not legal advice.