Question
'.....the irreducible core of a trust consists of the legal owner of property being prevented from exploiting the benefit of the trust property and as
'.....the irreducible core of a trust consists of the legal owner of property being prevented from exploiting the benefit of the trust property and as a corollary, the trustee's duty of accountability. But the duty of accountability need not necessarily require a beneficiary. Therefore as a matter of trust law doctrine, there is no conceptual difficulty with a non-charitable purpose trust.'
Critically discuss this statement. In your answer you should discuss the beneficiary principle and any additional situations in which the courts have upheld dispositions that are not straightforwardly for an identified beneficiary but rather refer to a non-charitable purpose.
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