ARTICLE
1 October 1996

Evolution & Uses Of Purpose Trusts

TT
Trusts & Trustees

Contributor

Trusts & Trustees
United Kingdom Employment and HR
Article by Tim Bennett

The nature of a Purpose Trust is examined and charitable trusts are evaluated against the development of specific legislation on these trusts in offshore centres.

A survey of law on purpose trusts in offshore centres is accompanied by an examination of practical applications of purpose trusts in a variety of situations. A summary of the uses of purpose trusts is provided in table form.

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