Editing Trust (law) (section)

==== Purpose trusts and the requirement for a beneficiary ====
{{Main|Purpose trusts in English law}}
In some ways, the modern English trust is, when compared to other jurisdictions, more conservative in its requirements. For example, it retains the requirement that there be a beneficiary.<ref>''[[Re Astor's Settlement Trusts]]'', [1952] Ch 534</ref> There are two main exceptions to this rule: charitable purpose trusts and [[Re Denley's Trust Deed|''Re Denley'' trusts]].<ref>[1969] 1 Ch 373</ref> This contrasts with other jurisdictions like Cyprus, [[Law of the British Virgin Islands|the BVI]], [[Law of the Cayman Islands|the Cayman Islands]], the Isle of Man, [[Law of Jersey|Jersey]] and [[Law of Gibraltar|Gibraltar]]<ref>{{Cite book |last=[[Graham Virgo|Virgo]] |first=Graham |title=The Principles of Equity & Trusts |publisher=[[OUP]] |year=2020 |isbn=978-0-19-885415-9 |edition=4th |location=Oxford |pages=208 |language=en}}</ref> which allow for non-charitable purpose trusts to be valid. This will normally be done by appointing a somebody to act as the trust's [[Protector (trust)|Protector]]. These purpose trusts allow for a trust to be created with a purpose (e.g. 'to provide for ''N''<nowiki/>'s education', where ''N'' is a family member) instead of a named beneficiary. The role of the Protector (also sometimes called an enforcer) is to hold the trustees to account, which the beneficiaries would usually have the right to do.