Beneficary & Settlors of Indian Trust
This query is : Resolved
16 October 2009
Can anyone guide me regarding the Beneficiary & Settlors of Indian Trust alongwith the rights & liability.
Further, can a settlors be same as the beneficiary
Further, can a settlors be same as the beneficiary
CA. B.SRINIVASULU
(Expert)
18 October 2009
Beneficiery is a person who gets the benefit out of that trust.
Settlor is the person who extends the property or tranfer the property to trust by way of a trust deed.
Settlor cannot be a beneficiary but he can become a trustee.
Settlor is the person who extends the property or tranfer the property to trust by way of a trust deed.
Settlor cannot be a beneficiary but he can become a trustee.
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