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In his will, Colin leaves £100,000 to the Hillingbridge Tennis Club, an unincorporated association, to enable it to build an extension to its existing pavilion. The money is paid to Morris, the treasurer of the club, who puts it into a specially opened ba
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A purpose trust involves trustees, as legal owners of assets being under an equitable obligation to use them specifically for a purpose, rather than for beneficiaries as equitable owners. However if the purpose is not a charitable one, a settlor would need to overcome a number of obstacles before the trust will be a valid purpose trust. The requirements of certainty or intentions and certainty of subject matter are the same for all trusts. The certainty of objects involves the definition of the relevant purpose, which must be certain enough for the courts to be able to control. 1 The beneficiary principle will be fulfilled if there is a human beneficiary, who can both apply to the court for equity against the legal owner and benefit from enforcing the trust.2 'Trusts of imperfect obligation' provide an exception to the beneficiary rule. These are only likely to apply in cases of trust which...
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