Trust Purposes
The parents of the trust are fraud and fear. This statement which can be found in English texts repeats a maxim of great antiquity. Some form of it goes back at least to the fourth century,350 and it captures a continuing and common European feature of the history of the trust: both in England and on the Continent trust-like devices were commonly used in similar ways to circumvent inconvenient restrictions in the law. But even apart from that, it is remarkable to see how close a coincidence in trust purposes is revealed by the early evidence.351 The passing of family property from one generation to the next·52 and the trust for the benefit of the poor and disadvantaged353 provide two prominent examples.
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