Charitable Purpose Trusts

Question 1

What is it?

Answer 1

The exception to the beneficiary principle that they need to be identifiable people. But you can have an express charitable trust which benefits the public or a section of it.

Question 2

Benefits of charitable trusts

Answer 2

Exception to beneficiary principle
No perpetuity rule
Intention to apply property for wholly and exclusive charitable purpose enough
More flexible than private trusts