Trust 6 - Purpose trusts - non-charitable Flashcards
1
Q
What non-charitable purpose trusts are allowed?
A
- particular animals
- monuments and graves - not private individuals
- private masses
2
Q
What should non-charitable purpose trusts include to ensure they comply with rule against inalienability?
A
An express perpetuity clause
3
Q
What are the requirements for a non-charitable purpose trust?
A
Intended purpose very certain
1. Fall within recognised exception to beneficiary principle
2. Created by will
4
Q
What are the exceptions to beneficiary principle for non-charitable purpose trusts?
A
- Trusts for maintenance of particular animals
- Trusts for erection & maintenance of monuments and graves (not private individuals)
- Trusts for saying of private masses (if for public benefit)
5
Q
Can trustees still act on a non-charitable trust?
A
- if trustee willing to act, a Pettingall order could be made.