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FAQ's on Special Trust

What are the requirements for setting up a special trust in India?

To set up a special trust in India, you need to have a written deed that outlines the purpose of the trust, the terms of the trust, and the duties and responsibilities of the trustees. You also need to have at least two trustees who are responsible for managing the trust's assets and distributing them according to the trust deed.

Can a special trust be created for any purpose in India?

Yes, a special trust can be created for any lawful purpose in India, as long as it is not against the public interest or against the provisions of any other law. Some common purposes for special trusts in India include charitable, educational, and religious purposes.

How is a special trust different from a private trust in India?

A special trust in India is a type of trust that is created for a specific purpose, such as charitable, educational, or religious purposes. On the other hand, a private trust is created for the benefit of specific individuals or for a specific purpose, but not for the benefit of the public.

Is it necessary to register a special trust in India?

Yes, it is necessary to register a special trust in India with the Charity Commissioner's office. This is to ensure that the trust is being used for the purposes for which it was created and that its assets are being managed properly.

How to remove the trustee from a special needs trust?

If the beneficiary has sufficient grounds to believe that the trustee is not acting according to the law, the beneficiary has the legal right to file a petition in the court to remove the trustee.

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