The Indian Trusts Act 1882 regulates setting up of Trusts in India.
My query is whether there can be a single settlor - single beneficiary trust? {settlor and beneficiary being the same person}?
Can some single person settle a trust and himself give property to such trust only for his own benefit?
I have gathered from discussions that such trust is not legal. I ll be very grateful for the comments of respected members on this issue.
Thanks