In re the Trust for the Benefit of Wold

HAMLIN, P.J., Ch. Div.

This written decision amplifies an earlier oral bench opinion rendered on plaintiffs petition for interpretation and direction regarding the application of the “New Jersey Uniform Statutory Rule Against Perpetuities”. N.J.S.A. 46:2F-l-8 to a proposed exercise by the beneficiary of her power of appointment under the terms of this 1944 Trust. It is an issue of first impression requiring the court to determine if the ninety year period of N.J.S.A. 46:2F-l-8 enacted on July 3, 1991, may be invoked by the beneficiary in regard to the exercise of that power of appointment…