Non-charitable purpose trusts Flashcards

1
Q

What are Non-Charitable Purpose Trusts?

A

Trusts that apply only when a trust is created in a will.

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2
Q

What are the limited exceptions classified in Re Endacott?

A
  • Trusts for the maintenance of particular animals
  • Trusts for the erection and maintenance of graves and monuments
  • Trusts for the saying of private masses
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3
Q

Can exceptions to Endacott be extended by analogy?

A

No, exceptions to Endacott will not be extended by analogy.

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4
Q

What are Non-Charitable Purpose Trusts often referred to as?

A

Trusts of imperfect obligation.

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5
Q

What is the Pettengill order?

A

An order that requires the trustee to give an undertaking to comply with the trust.

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6
Q

What does the rule against inalienability state?

A

Assets cannot be tied up on trust for longer than the common law perpetuity period of a life in being plus 21 years (or just 21 years).

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7
Q

Can animal lives be used as lives in being under the rule against inalienability?

A

No, animal lives cannot be used as lives in being.

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