Private Trust

Querist : Anonymous (Querist) 29 October 2009 This query is : Resolved
Hello.

My Grand father's grand father had created a provate trust and got it registered with sub registrar in rajesthan state.

The trust was formed by my great great grandfather in 1952 and appointed fouur board of trustees and my grandfather as the manging director of the trust. the other three members have died and one of them was the legal decendent of my great grand father. the trust was formed with the purpose of serving sadhus and doing charitable work. under the trust there is a property.

now all the legal decendents of my great grand father wants to sell the property.

Can you please tell whats the process of selling the porperty and is there any legal complication.

Please note that this is a provate trust and its mentioned cleally only the legal decendents can be made the trustees in future.

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Raj Kumar Makkad (Expert) 29 October 2009
It will be appropriate to go through in the trust deed prior to make any opinion over your quarry because it is a vital question which requires to be be seen in the light of various facts. Generally charitable trusts can sell their properties but it is to be seen whether it is specifically barred or not.

Querist : Anonymous (Querist) 29 October 2009
thanks for the reply.. can u provide your number so that we can discuss on the phone

Raj Kumar Makkad (Expert) 29 October 2009
09416058227

Sachin Bhatia (Expert) 29 October 2009
Rightly said it will be appropriate to go through in the trust deed prior to make any opinion. It is also advised that consult it with any local advocate.

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