Childern benefit trust
vimal mahnot
(Querist) 27 May 2013
This query is : Resolved
sir,
i have created a childern's benefit trust for my minor grand son and written a trsut deed me as a writer and my son and daughter in law as a trustee. I have notorised the deed from a nototy public and want to open a bank account with bank. but my bank ask me to get trust deed registered from registrar. is it neccessary to register the deed with registrar for opening a bank account for childern benefit trust.
Devajyoti Barman
(Expert) 27 May 2013
Trust for immovable property in many states is mandatorily registrable document.
vimal mahnot
(Querist) 28 May 2013
this trust is not for immovable property,but to create a fund for higher aducation of child and to get tax benefit.