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What is the procedure to incorporate a trust
11-Jul-2023 (In Wills / Trusts Law)
I want to start a trust.How i can make this ? What are the legal steps ?
There are many legal formalities which are to be completed for the incorporation of trusts. We are specialized in these kind of registration and provide complete services for the incorporation of trusts.
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Adv. Sonu Singh
Delhi | 100+ Answers
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Definition of Trust
Creation of a trust, particularly relating to an immoveable property is also a species of transfer of property. Trust is defined in section 3 of the Trust Act, 1882 as ” an obligation annexed to the ownership of property and arising out of a confidence reposed in and accepted by the owner, or declared and accepted by him, for the benefit of another or of another and the owner. In simple words it is a transfer of property by the owner to another for the benefit of a third person along with or without himself or a declaration by the owner, to hold the property not for himself and another.
Creation of a trust, particularly relating to an immoveable property is also a species of transfer of property. Trust is defined in section 3 of the Trust Act, 1882 as ” an obligation annexed to the ownership of property and arising out of a confidence reposed in and accepted by the owner, or declared and accepted by him, for the benefit of another or of another and the owner. In simple words it is a transfer of property by the owner to another for the benefit of a third person along with or without himself or a declaration by the owner, to hold the property not for himself and another.
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Adv. Rishabh Jain
Delhi | 100+ Answers
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You can form a Trust but first of all decide and settle aims and objectives of the Trust, whether it is to be public or private Trust, who would be foundet trustees and other managing trustees, fund and finances etc. Then contact a lawyer to draft Trust Deed and get the same registered.
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Adv. S P Srivastava
Delhi | 200+ Answers
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