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mayank garg (propriter)     26 August 2013

Property of a private trust, status of trustee's legal heirs

hi 

i am a financial advisor 

one of my clients asked something related to his parental property. but i dont know its answer exactly so i want to ask you leagal professionals the same

scenario is ,   my clients father is a trustee in a private trust which own a shop and a house, his grandfather made the trust and made three trustee (my clients father and two uncles of his father) now two other trustees are dead already and his father is the only alive trustee.

questions are:

1. is his father a valid and only trustee at this point of time?

2. what should his father do if he want to transfer the rights to his sons ?

3. what if his father dies without a will or any amendment in trust ?

 



 1 Replies

Advocate Ravinder (Advocate/Attorney)     02 September 2013

What the byelaws says, please check up once. 


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