Can a private trust give gifts (i.e. cash or kind) to persons other than beneficiaries of the trust??
Divya (AM) 05 February 2010
Can a private trust give gifts (i.e. cash or kind) to persons other than beneficiaries of the trust??
Bhavani Sankar Mahanti (Law Officer) 05 February 2010
Hi Divya,
Your question of not clear but
Under Indian Trust Act, A trustee can neither sell, mortgage, exchange, gift , nor partition the trust property, except:
under a direction or authority in the settlement itself which may be either expressed or implied,
under some statutory authority, or by order of the court.
regards
Divya (AM) 05 February 2010
But can the trustee gift from the trust property with the consent of all the beneficiaries (or an ammendment in the trust deed), even though there is no direction or authority in the settlement itself which may be either expressed or implied?