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If we desire respect for the law, we must first make the law respectable.
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Legal Definitions - Public Express Trust
Definition of Public Express Trust
A Public Express Trust is a specific type of charitable trust created with the clear intention of benefiting the general public or a significant portion of it. Unlike private trusts, which are set up to benefit specific individuals or families, a public express trust is established to serve a broader philanthropic purpose. These purposes commonly include advancing education, promoting health, alleviating poverty, preserving the environment, or supporting other causes that contribute to the common good.
Because these trusts are dedicated to serving the public interest, the law often grants them special advantages. One notable benefit is that they can be designed to last indefinitely, meaning they are not subject to certain time limits that apply to other types of trusts, ensuring their charitable work can continue for generations.
Here are some examples:
- A Scholarship Fund: Imagine a philanthropist creates a trust specifically to provide ongoing scholarships for students from low-income backgrounds who wish to pursue vocational training or higher education. The trust document specifies that the funds should be managed to ensure scholarships are available every year, in perpetuity.
- How this illustrates the term: This is a public express trust because its purpose is to benefit a broad segment of the community (students needing financial aid) by advancing education. The intention for it to operate "in perpetuity" highlights one of the legal advantages granted to such trusts, allowing its charitable work to continue indefinitely.
- A Community Park and Recreation Trust: A local community group establishes a trust with donated land and funds to develop and maintain a public park, complete with walking trails, playgrounds, and community gardens, accessible to everyone in the town. The trust's mission is to ensure the park remains a free, well-maintained public space forever.
- How this illustrates the term: This trust serves the general public by providing recreational facilities and green space, which are clear community benefits. Its design to maintain the park "forever" demonstrates the perpetual nature often permitted for public express trusts, allowing the community to benefit for generations.
- An Animal Welfare and Rescue Trust: A dedicated animal lover sets up a trust to fund the rescue, rehabilitation, and adoption services for abandoned animals in a particular region, as well as to support public education programs on responsible pet ownership. The trust is structured to continue its operations as long as there is a need for animal welfare services.
- How this illustrates the term: This trust benefits the community by addressing animal welfare issues and promoting responsible pet ownership, which contributes to public good and compassion. The intention for the trust to continue "as long as there is a need" reflects the perpetual nature often allowed for public express trusts, ensuring ongoing support for its charitable mission.
Simple Definition
A Public Express Trust is a type of charitable trust established with a purpose that benefits the community generally or serves specific beneficial aims. These trusts are legally favored and receive certain advantages, such as their remainder interests being exempt from the rule against perpetuities.