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.Re Astor's Settlement Trusts, [1952] Ch 534 There are two main exceptions to this rule: charitable purpose trusts and Re Denley trusts.[1969] 1 Ch 373 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.
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.Re Astor's Settlement Trusts, [1952] Ch 534 There are two main exceptions to this rule: charitable purpose trusts and Re Denley trusts.[1969] 1 Ch 373 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 v,alid. 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.