Following cases such as Re Denley's Trust Deed (1969) 1 Ch 373 and Re Lipinski's Will Trusts (1976) 3 WLR 522, the more modern approach to the beneficiary principle is to recognise purpose trusts if it can be said that they benefit sufficiently well-defined individuals.

Question

Quizplus · Accepted Answer

The statement accurately reflects the modern approach to the beneficiary principle in trust law. Purpose trusts may be recognised if they benefit a well-defined group of individuals or a specific purpose, as established in cases such as Re Denley's Trust Deed and Re Lipinski's Will Trusts.

Following Cases Such as Re Denley's Trust Deed (1969) 1