under will of the deceased it was written that ,all my wealth will go to trust for the welfare of my disabled daughter only & the trust shall be formed by Mr. A and he shall be the trustee/settlor. can Mr. A apply for succession certificate of the disabled daughter as Mr. A is the nearest surviving family member for daughter?
In many countries it is a common practice to have a trust set up or have accounts opened in the name of one or more people, who are not going to be immediately beneficiaries of the funds. They are known in the legal parlance of the country as trustees, who then distribute the funds to the people who need them and decide how best to go about it.
Aggarwal Sarawagi and Co
New Delhi
CA
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V.K. Ranjan & Co(Chartered Accountants)
New Delhi
B.Com
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