Purposes of A Trust
The purposes and uses of trusts historically had to do with management of property in absence of owner, mostly during medieval times when a lord left to fight in battle. Gradually, the device also found usefulness to control property "beyond the grave", although the so-called Rule Against Perpetuities limited this power. See trust law#History. In modern times in the United States, trusts have several principal purposes.
Read more about this topic: United States Trust Law
Famous quotes containing the words purposes of a, purposes of, purposes and/or trust:
“Researchers, with science as their authority, will be able to cut [animals] up, alive, into small pieces, drop them from a great height to see if they are shattered by the fall, or deprive them of sleep for sixteen days and nights continuously for the purposes of an iniquitous monograph.... “Animal trust, undeserved faith, when at last will you turn away from us? Shall we never tire of deceiving, betraying, tormenting animals before they cease to trust us?””
—Colette [Sidonie Gabrielle Colette] (1873–1954)
“The purposes of the Almighty are perfect, and must prevail, though we erring mortals may fail to accurately perceive them in advance.”
—Abraham Lincoln (1809–1865)
“This is the true joy in life, the being used for a purpose recognized by yourself as a mighty one; the being thoroughly worn out before you are thrown on the scrap heap; the being a force of Nature instead of a feverish selfish little clod of ailments and grievances complaining that the world will not devote itself to making you happy. And also the only real tragedy in life is being used by personally minded men for purposes which you recognize to be base.”
—George Bernard Shaw (1856–1950)
“Nobody should trust their virtue with necessity, the force of which is never known till it is felt, and it is therefore one of the first duties to avoid the temptation of it.”
—Mary Wortley, Lady Montagu (1689–1762)