Creating Trust Of Minor
This query is : Resolved
30 January 2011
I have seen C.A creating Trust of minor n filing return of the same, so that by the time he/she is 18 they already have a capital of 5 to 6 lakhs.what s the procedure of creating such trust???
31 January 2011
Simple create a trust by making a trust deed. It will have two trustee and a settler. Trustees (usually Father and mother) will give cheque from their personal account. When the minor becomes major the capital will be transferred to his account.
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