Section 1.22 Private Trusts
| Library | Trusts and Powers 2013 Supp |
C. (§1.22) Private Trusts
A settlor is free to create a private trust for any purpose the settlor intends as long as it is capable of performance, provided, however, that neither the purpose nor any provision in the terms is illegal, fraudulent, in fraud of creditors, or against public policy. Restatement (Third) of Trusts § 29 (2003). Nor may any term of the trust call for the commission of a criminal or tortious act by the trustee. See, e.g., Hood v. St. Louis Union Trust Co., 66 S.W.2d 837, 838 (Mo...
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