Trust deed
Sunlawseeker
(Querist) 09 March 2012
This query is : Resolved
Dear Advocates!
I would like to commence a trust which supports and provides assistance for physically challenged people in Tamil Nadu.
can anyone help me by providing a model trust deed?
and another doubt is
Whether a trustee is entitled to receive a salary for his full-time dedication for the trust?
pls give me relevant acts pertaining to the trusts in Tamil Nadu.
Thanking you
Regards,
V.Sundaresan
Raj Kumar Makkad
(Expert) 09 March 2012
A Trustee cannot get salary as asked by you. For drafting purpose, you should obtain the service of local lawyer instead of having such detailed information online through this site.
A V Vishal
(Expert) 09 March 2012
PFA the model deed, incorporate necessary objects and get the document vetted by a professional.
Whether a trustee is entitled to receive a salary for his full-time dedication for the trust?
Ans. As a trustee he is barred from receiving remuneration however if such trustee possess certain specialised education which is helpful in running the trust more effectively then he may be given reasonable remuneration.
ESTHERPRIYA
(Expert) 10 March 2012
It is better to draft the trust deed in fresh but not to go for the model
