Article on The Revolution and Legacy of the Discretionary Trust

Jessica Palmer & Charles E.F. Rickett recently published an Article entitled, The Revolution and Legacy of the Discretionary Trust, Wills, Trusts, & Estates Law eJournal (2018). Provided below is an abstract of the Article:

The requirement of object certainty in express trusts underwent significant reform in the heady days of the late 1960s and early 1970s. This article argues that those changes have had important implications not only for the theoretical conception of the trust, but also for the modern practice of discretionary trusts.