(a) Whether a SETTLER of a Trust can also be one of the FIRST TRUSTEE in addition to other TRUSTEES ?
(b) Whether the CORPUS FUND brought in by the SETTLER can be used for achieving the objectives of the Trust ? or whether the same should be kept intact and interests earned therefrom only should be used for achieving the objectives ?
Asked on 12/04/12, 12:54 am
1 Answer from Attorneys
Jayesh Desai
Jayesh Desai
(a) Yes.
(b) There are legal ways to adept the to the situation - you need to consult lawyer for this.
Answered on 1/12/13, 4:54 am
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