Surnamed Charitable Trusts: Immortality at Taxpayer Expense
Abstract
Charitable trust law authorizes surnamed trusts, and provides no convenient mechanism to force a name change even hundreds of years after the founder's death. Tax law treats the use of a surname as harmless. A founder's ability to surname can provide a significant benefit to the founding family at the expense of the common good. This Article introduces the topic into the debate, provides new empirical evidence, and proposes a viable legislative response.Suggested Citation
William A. Drennan. "Surnamed Charitable Trusts: Immortality at Taxpayer Expense" Alabama Law Review 61 (2010).
Available at: http://works.bepress.com/william_drennan/6