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Private purpose trusts - A statutory scheme for validation

Private purpose trusts - A statutory scheme for validation

Pawlowski, Mark ORCID: 0000-0002-5473-5809 (2019) Private purpose trusts - A statutory scheme for validation. Trusts & Trustees, 25 (4). pp. 391-396. ISSN 1363-1780 (Print), 1752-2110 (Online) (doi:https://doi.org/10.1093/tandt/ttz021)

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Abstract

The article seeks to advocate a change in English law by the introduction of a statute validating private purpose trusts along the lines of the legislation already in force in several offshore jurisdictions. It considers the various elements of any such new statute with particular reference to the definition of a private purpose trust, the mechanism of an enforcer, the subject of perpetuities, the definition of purpose, the type of trust instrument, the nature of determining events, the definition of default beneficiaries and trustees, and the problem of disclosure.

Item Type: Article
Uncontrolled Keywords: purpose trusts, trustees, statute, definition, enforcement, perpetuities, trust instrument, default beneficiaries, disclosure
Subjects: K Law > KD England and Wales
Faculty / Department / Research Group: Faculty of Architecture, Computing & Humanities
Faculty of Architecture, Computing & Humanities > Department of Law
Related URLs:
Last Modified: 08 Jul 2019 14:42
Selected for GREAT 2016: None
Selected for GREAT 2017: None
Selected for GREAT 2018: None
Selected for GREAT 2019: None
URI: http://gala.gre.ac.uk/id/eprint/24046

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