Starting with an examination of the old authorities supporting non-charitable purpose trusts, this book presents a demolition of the supposed objections to them, and ends by taking the reader on a tour of those jurisdictions where the legislature, assuming there to be a common law rule against purpose trusts, has passed statutes to permit them.

The new 2nd edition of this book starts with a thorough examination of the old authorities supporting non-charitable purpose trusts, followed by a demolition of the supposed objections to them, and ends by taking the reader on a world-wide tour of those jurisdictions where the legislature, assuming there to be a common law rule against purpose trusts, has passed statutes to permit them. After reading this book, it can no longer be asserted that we have a rule against purpose trusts, based on the highest authority. Practitioners and academics alike will learn much from this thought-provoking book.