Trusts Overview
Overview
The Legal owner of property is the person whose name is on the latest transfer deed, in the case of Registry of Deed title or the registered owner, in the case of Land Registry title.… Read the rest
Trusts
Saving and Adjusting Charitable Trusts
Courts and Statute Seek to Uphold
In contrast to the position with a private trust, a charitable trust for undefined beneficiaries or broadly defined purpose will be readily upheld and given effect. When a trust/gift is made for the benefit of a charity and it is impossible and impracticable to discern the intention of the donor, the court on the applications of the charity may remake the gift for the purposes of giving effect to the charitable purposes as near as possible to those intended by the donor.… Read the rest
Powers
General
A power is an authority given by one person (the donor) to another person (the donee), to undertake legally significant acts on the donee’s behalf, typically the transfer or vesting of property.
A power may stand alone or may be associated with a particular property or asset right. … Read the rest
Charities Administrative Matters
Administrative
The Authority, as successor to the Commissioners of Charitable Donations and Bequests, has a range of functions in relation to charities. In addition, the Charities Act conferred a much wider range of regulatory functions on the new Authority.… Read the rest