BROWN, J.
We find no case like this in the books but certain general principles are well established. To be valid, a trust requires that a beneficiary be named or designated. Sec. 231.11 (5), Stats.; McHugh v. McCole (1897), 97 Wis. 166, 72 N. W. 631. It is not necessary that the beneficiary exist or be ascertainable at the time the trust is created but he must be ascertainable within the time limited by the rule against perpetuities. Restatement, 1 Trusts...
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