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A’s death accrued administration American Law Institute apply the property bank beneﬁciary entitled beneﬁt breach of trust charitable intention charitable purposes charitable trust creation cy pres declares himself trustee deﬁnite deposit devised or bequeathed devisee or legatee directed distribution doctrine of cy duty to sell earnings entitled to income erty fall in value ﬁciary held in trust indeﬁnite insured inter vivos interest loss manifested an intention Members modify the trust otherwise provided owner of property particular purpose pay the income pay the principal payable payment power to revoke proceeds proﬁt prop reach the trust reserves power revoke or modify rise in value rule against perpetuities Scott on Trusts settlor reserves shares of stock spendthrift trust statute Tentative Trust Testamentary Disposition third person tion tort trust estate trust funds trust instrument trust is created trust is invalid trust property trust to pay Trusts 2d unless valid wasting property