Non Charitable Purpose Trusts Essay

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A trust might be made for the advantage of individuals,and it might likewise be made for beneficent purposes.A noteworthy issue emerges in the matter of whether a trust might be truly made for a reason, yet one that is not actually charitable, as in it doesn't fall into the perceived classifications of charitable trusts.The general position is reflected in the expressions of Viscount Simonds in the Privy Council in Leahy v Attorney General for New South Wales, as follow: A gift can be made to persons(including a a corporation) but it cannot be made to a purpose or to an object:so, also a trust may be created for the benefit of persons as cestui que trust but not for a purpose or object unless the purpose or object be charitable.For a purpose or object cannot sue, but if be charitable, the Attorney General can sue to enforce it. Non-charitable purpose trusts can be defined …show more content…

Different purviews, for example, Bermuda, the Cook Islands, the British Virgin Islands, Cyprus and Belize all have statutory instruments that determine certain criteria for a non-charitable purpose trust. Recurring requirements incorporate guaranteeing that the trust has a term for no more than 100 years (the perpetuity rules), it is particular, sensible, equipped for requirement (certainty of subject, object and inside the ambit of administratively workable), and delegates a "enforcer" who might watch out for the trustees with a perspective to guaranteeing that the trust is managed keeping in mind the end goal to fulfill the reason for which it was set up. It gives the idea that these are all satisfactory and consummately sensible necessities to propose that our own jurisdiction be lead later on to present comparative statutory

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