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Words: 2,263 | Submitted: Thu Dec 06 2007
... people. It is enforceable by such beneficiaries as a private trust. A charitable trust is more generally known as public trust, which promotes the well being of the public by relieving poverty, advancing education, advancing religion or serving some other purpose beneficial to the community. It is enforceable by the Attorney General as a charitable trust. An express private trust is declared intentionally by the settlor for the benefit of individuals or a specified group of people. The courts in relation to both trusts the express private trust and the charitable trusts will usually enforce such trust valid subject to the fulfilment of the necessary requirements. In order for an express private trust to be valid it must satisfy the three certainties concept. The three certainties comprise of firstly the certainty of intention to create a trust, secondly the certainty of the identification of the subject matter comprising the trust fund ...
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