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

Authors

Richard C. Ausness, University of Kentucky College of LawFollow

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

Fall 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).

Repository Citation

Ausness, Richard C., "Non-Charitable Purpose Trusts: Past, Present, and Future" (2016). Law Faculty Scholarly Articles. 591.
https://uknowledge.uky.edu/law_facpub/591