Non-Charitable Purpose Trusts: Past, Present, and Future

52 Pages Posted: 7 Dec 2016

See all articles by Richard C. Ausness

Richard C. Ausness

University of Kentucky - College of Law

Date Written: December 6, 2016

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.

Keywords: Trust and Estates, trusts, estate planner, non-charitable, non-charitable purpose trusts, private trusts, charitable trusts, England, United States, Uniform Trust Code

Suggested Citation

Ausness, Richard C., Non-Charitable Purpose Trusts: Past, Present, and Future (December 6, 2016). Real Property, Probate and Trust Law Journal, Vol. 51, No. 2, 2016. Available at SSRN: https://ssrn.com/abstract=2881319

Richard C. Ausness (Contact Author)

University of Kentucky - College of Law ( email )

620 S. Limestone Street
Lexington, KY 40506-0048
United States

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