A TRUST is defined as a fiduciary relationship between the trustee and a trustor. In a trust, the Trustor is the party that gives the right to another party (‘The Trustee’) to hold title to property or assets for benefit of a third party (‘The Beneficiary’). TRUST is defined as a fiduciary relationship between the trustee and a trustor. In a trust, the Trustor is the party that gives the right to another party (‘The Trustee’) to hold title to property or assets for benefit of a third party (‘The Beneficiary’). Trusts are generally incorporated or established in order to provide legal protection for the assets of the trustor, to ensure that those assets are distributed or applied in accordance with the wishes of the trustor, and to save time, minimalize paperwork. In some cases, trusts are also established to avoid or reduce inheritance or estate taxes.
- The term ‘trust ‘is defined as
- An obligation attached to the ownership of property and
- Arising out of a confidence reposed in and
- Declared & accepted by the owner or and accepted by him,
- For the benefit of another or of another and the owner.
DOCUMENTS REQUIRED FOR REGISTRATIONOF TRUST:
> Identity Proof of Author
> Identity Proof of Trustees
> Rent Agreement or Registration Paper of Property
> Address Proof of Property
> NOC from Landlord (If Rented)
> Passport Size Photo of Author and Trustees
