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The Purpose Trust Has A New Purpose

By Alexander A. Bove Jr.
Family Working Together

Family Working Together

The purpose of the trust must be legal and not against public policy, it must be reasonably attainable, it must not be wasteful or frivolous, and, most importantly, it must provide for an enforcer to enforce the trust.

There is no doubt that when George Bernard Shaw, the author and playwright (Pygmalion, Man and Superman), penned his last will, he had no idea that the instructions he gave to his trustees would be declared void by the court nor that, despite such rejection, those instructions would live on and be repeated, cited, and discussed countless times by law students, professors, and authors interested in a special form of trust referred to as a purpose trust.

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