Trust (law)
Purpose trusts and the requirement for a beneficiary

In some ways, the modern English trust is, when compared to other jurisdictions, more conservative in its requirements. For example, it retains the requirement that there be a beneficiary. There are two main exceptions to this rule: charitable purpose trusts and Re Denley trusts. This contrasts with other jurisdictions like Cyprus, the BVI, the Cayman Islands, the Isle of Man, Jersey and Gibraltar which allow for non-charitable purpose trusts to be valid. This will normally be done by appointing a somebody to act as the trust's Protector. These purpose trusts allow for a trust to be created with a purpose (eg. 'to provide for N 's education', where N is a family member) instead of a named beneficiary. The role of the Protector (also sometimes called an enforcer) is to hold the trustees to account, which the beneficiaries would usually have the right to do.
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