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Article
Non-Charitable Purpose Trusts: Past, Present, and Future
Real Property, Trust and Estate Law Journal
  • Richard C. Ausness, University of Kentucky College of Law
Abstract

This Article focuses on non-charitable purpose trusts and how they enable estate planners to better carry out their clients’ objectives. Specifically, it explores the history of non-charitable purpose trusts and summarizes the differences between private trusts, charitable trusts, and non-charitable purpose trusts. This Article also examines the treatment of non-charitable purpose trusts in England and the United States prior to the promulgation of the Restatement of Trusts in 1935. This Article surveys the recent adoption of non-charitable purpose trust provisions in the Uniform Trust Code and various Restatements and gives advice on drafting the trust instruments. Lastly, this Article concludes with suggested revisions to the Uniform Trust Code.

Document Type
Article
Publication Date
10-1-2016
12-6-2016
Notes/Citation Information

Richard C. Ausness, Non-Charitable Purpose Trusts: Past, Present, and Future, 51 Real Prop. Tr. & Est. L.J. 321 (2016).

Citation Information
Richard C. Ausness. "Non-Charitable Purpose Trusts: Past, Present, and Future" Real Property, Trust and Estate Law Journal Vol. 51 Iss. 3 (2016) p. 327 - 372
Available at: http://works.bepress.com/richard_ausness/71/