Appointing and retiring trustee

Querist : Anonymous (Querist) 12 October 2022 This query is : Resolved
is new trust deed need to drafted for appointing new trustees? and what is the procedure for retirement and appointing the trustee ?

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When appointing or retiring trustees, the procedure largely depends on the terms outlined in your current trust deed. It's essential to review the existing deed to determine if a new trust deed needs to be drafted or if an amendment deed is sufficient. The process for appointing and retiring trustees must align with the conditions specified in the original trust deed.

kavksatyanarayana (Expert) 12 October 2022
What are the terms of the previous Trust deed? If such a clause exists in the last deed, a new trustee may be appointed as per the terms of the trust deed, and the amendment deed also is registered in the same manner as done in the previous trust deed.

Dr J C Vashista (Expert) 13 October 2022
Terms and conditions of Trust Deed (in vogue) has to be perused before forming an opinion and oblige.

R.K Nanda (Expert) 15 October 2022
all depends on contents of present trust deed.

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