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Ravindra K. Banthia (None)     31 October 2011

Is there any automatic succession in the case of a trust

This is a question regarding a Trust in which the Trustee has expired.

Part A created a Trust with two Trustees, Party B and Party C (his two sons).

Party A expired.

Then Part C expired without any successors and without transfer of trustee rights.

Party B made his son D a trustee.

Party B also expired.

Finally Party D expired, apparently without transferring the Trust.

Part D has a brother Part E who is alive but to whom the trust was not transferred.

Does part E have any rights to the trust ?



Learning

 2 Replies

adv. rajeev ( rajoo ) (practicing advocate)     31 October 2011

Trust deed has to be referred.

SURESH GODBOLE (ADVOCATE)     01 November 2011

Trust cannot be kept in a Non functional State

What will happen to the Bank Accounts , Assets and Liabilities

Consult  advocate for expert advise


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