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Home > Business Law > Trust Law
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Transfer Of Trust Property By The Beneficiary
The beneficiary can (where there is one beneficiary or if there are several beneficiaries and all of them agree) direct the trustee to transfer the trust property to him (if there are several beneficiaries to all of them) or to such other person as the beneficiary (or the beneficiaries may desire).
 
A beneficiary can also transfer his interest in the trust property and every person to whom a beneficiary transfers his interest acquires the rights and liabilities of the beneficiary at the date of the transfer. But such a transfer can be sought or made by the beneficiary (or the beneficiaries as the case may be) only if they are of the age of majority with sound mind and are not disqualified by any law for the time being inforce in India.
 
In case the beneficiary is a married woman and the trust property has been bequeathed to her via the trust to ensure that she would not deprive herself ofher beneficial interest the trust property cannot be transferred at her instance as aforesaid.
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Creation and Functioning of Trust
Private,Public and Religious Trusts
Private Trust
Trustee/Beneficiary Of A Private Trust
Modes Of Creating A Private Trust
Trust Property
Trustee Of A Private Trust- Rights And Powers
Breach Of Trust
Reimbursement of Expenses And Over-Payment
Removal of The Trustee
Transfer Of Trust Property By The Beneficiary
Documents And Accounts Of Trust Property
Discharge of a Trustee
Appointment of a New Trustee
Extinction & Revocation Of Trusts
Public, Charitable and Religious Trusts
Religious Trusts
Wakf
Tax Exemptions of Trust
Incomes Not Exempted
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