Section 1.28 Honorary Trusts
| Library | Trusts and Powers 2013 Supp |
E. (§1.28) Honorary Trusts
“A trust may be created for a noncharitable purpose without a definite or definitely ascertainable beneficiary or for a noncharitable but otherwise valid purpose to be selected by the trustee” or to carry out a specific project or benefit a noncharitable organization. Section 456.4-409(1), RSMo Supp. 2005. Such a trust, however, may not be enforced for more than 21 years. Id. Such a trust is one without human beneficiaries and is lawful but not charitable. Common examples are...
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