Charitable and Honorary Trusts Flashcards
1
Q
Rules for Charitable trusts
A
Must have indefinite beneficiaries, may be perpetual, and cy pres
2
Q
Charitable purposes
A
Relief of poverty
Advancement of education or religion
Promotion of health
Accomplishment of government purposes
3
Q
Cy Pres
A
Courts may select an alternative charitable purpose by ascertaining the settlor’s primary purpose
4
Q
RAP
A
Does not apply to charitable trusts
5
Q
A
