TRUST
This query is : Resolved
Imran Ahmed
(Querist)
21 February 2009
In a Trust, where the author (father ) gives the trusteeship to his first son stating that the benefit shall move to all his children (including first son).
In this case Trustee becomes beneficiary himself. Is it possible? Can a trustee be a benificiary?
In this case Trustee becomes beneficiary himself. Is it possible? Can a trustee be a benificiary?
CA. B.SRINIVASULU
(Expert)
21 February 2009
Yes. Trustee can be a one of the beneficiary. He is receiving the benefit as per trust deed and as a trustee he has to manage the trutst.
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