Trusts

Constructive Trusts

Trust Monies The best-established application of the principle of a constructive trust arises where a trustee obtains benefits using trust money. However, the principle is wider. Where the trustee takes advantage of his position, in order to obtain benefits which he would not otherwise have received, he must generally hold these benefits under the trust itself, by way of constructive trust.… Read the rest

Charitable Trust Status

Privileges of Charities Charities enjoy certain significant legal privileges. Charities are entitled to operate under a perpetual trust potentially accumulating funds indefinitely for the defined purposes provided in the charitable trust. The other significant advantages are in the areas of taxation. … Read the rest

Charitable Objectives

Categories of Charitable Trust The classes of trusts which are potentially recognised as charitable are divided into four categories; trusts for the relief of poverty; trusts for the advancement of education; trusts for the advancement of religion; and trusts for other purposes, beneficial to the community.… Read the rest

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