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Private purpose trusts: a reform proposal

By Mark Pawlowski

Abstract

Argues for the introduction of statutory reform to enable valid private purpose trusts to be created by those wishing to make testamentary gifts for non-charitable purposes, with no human beneficiary. Examines the rationale employed in cases where the validity of a private purpose trust has been upheld despite the absence of a human beneficiary. Considers the approaches adopted by five offshore jurisdictions when introducing purpose trust legislation. Identifies key features to be included in any new purpose trust legislation introduced in the UK

Topics: KD, HD
Publisher: Thomson Reuters (Legal) Limited
Year: 2007
OAI identifier: oai:gala.gre.ac.uk:1394
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