Honorary trust definition

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Honorary trust

Honorary trust logo #21000 An honorary trust, under the law of trusts, is a device by which a person establishes a trust for which there is neither a charitable purpose, nor a private beneficiary to enforce the trust. While such a trust would normally be void for lack of a beneficiary, many jurisdictions have carved out two specific exceptions to this rule: trusts for the c...
Found on http://en.wikipedia.org/wiki/Honorary_trust
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