Pvt.and public trusts

Querist : Anonymous (Querist) 14 October 2011 This query is : Resolved
What is difference between private trusts and public trusts.

Follow Query

Report Abuse

Sailesh Kumar Shah (Expert) 14 October 2011
answer is already in question!!

Come specifically, i shall guide.

jatin sharma (Expert) 14 October 2011
The Query is not clear?

prabhakar singh (Expert) 14 October 2011
PRIVATE TRUST

Trust created for the benefit of one or more ascertainable beneficiaries, and not for the promotion of the welfare of the general public or for the advancement of a cause.

PUBLIC TRUST

Trust created for the promotion of public welfare and not for the benefit of one or more individuals. It may or may not be a charitable trust. Also called purpose trust.

prabhakar singh (Expert) 14 October 2011
charitable trust
Definition
Trust created for advancement of education, promotion of public health and comfort, relief of poverty, furtherance of religion, or any other purpose regarded as charitable in law. Benevolent and philanthropic purposes are not necessarily charitable unless they are solely and exclusively for the benefit of public or a class or section of it. Charitable trusts (unlike private or non-charitable trust) can have perpetual existence and are not subject to laws against perpetuity. They are wholly or partially exempt from almost all taxes. Where the purpose of a charitable trust becomes impossible or unpractical to carry out then, under the legal doctrine of cy près (French for, as near as), the trustees acting by a majority or a court may choose another charitable purpose as nearly like the original purpose as possible.

prabhakar singh (Expert) 14 October 2011
NOW author : Anonymous!

I too have few queries to ask you in turn:

WHAT IS:.....
a]unit trust
b]active trust
c]bare trust
d]brain trust
e]bypass trust
f]constructive trust
g]contingent trust
h]derivative trust

Nadeem Qureshi (Expert) 15 October 2011
Mr. Prabhakar Is right

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries