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Beneficary & Settlors of Indian Trust

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(Querist)
16 October 2009 Can anyone guide me regarding the Beneficiary & Settlors of Indian Trust alongwith the rights & liability.

Further, can a settlors be same as the beneficiary
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CA. B.SRINIVASULU

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CA. B.SRINIVASULU (Expert)
18 October 2009 Beneficiery is a person who gets the benefit out of that trust.

Settlor is the person who extends the property or tranfer the property to trust by way of a trust deed.

Settlor cannot be a beneficiary but he can become a trustee.

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