"To what extent should the law recognise non-charitable purpose trusts?"
Date Submitted: 07/11/2002 04:46:09
Non-charitable purpose trusts can be defined as 'private trusts intended to benefit purposes rather than beneficiaries' . If the certainty of object is not qualified, then the trust usually fails because it is 'administratively unworkable', this is often the case therefore for trusts which are merely established for a particular purpose rather than for a specified human beneficiary.
Purpose trusts have been established and largely defined in case law, namely Re Astor's Settlement Trust [1952] . An inter
Is this Essay helpful? Join now to read this particular paper
and access over 480,000 just like this GET BETTER GRADES
and access over 480,000 just like this GET BETTER GRADES
trust is without a beneficiary and therefore has no legal person to enforce the trust, it should fall to the courts to create such a body that could operate and supervise the trust in these types of circumstances. All of these provisions could be presented in a statutory instrument which would finally give clarification to the law surrounding non-charitable purpose trusts and would hopefully satisfy the wishes of more settlors and subsequently benefit more receivers.
Need a custom written paper? Let our professional writers save your time.