Request a free quote
What Is Trust?
In general, a trust is a relationship in which one person holds title to property, subject to an obligation to keep or use the property for the benefit of another. A trust is formed under state law. You may wish to consult the law of the state in which the organization is organized. Note that for a trust to qualify under section 501(c)(3) of the Code, its organizing document must contain certain language
They are Two Type of Trust :
For Formation of trust it is necessary to understand the following elements essential to form a trust:
- Three Parties: Author of Trust, Trustee and the beneficiary.
- Subject matter of the trust
- Objects of the Trust
- Trusts Deed
Charitable Trust :
A public charitable or religious institution can be formed either as a Trust or as a Society or as a Companyregistered u/s 25 of the Companies Act. It generally takes the form of a trust when it is formed primarily by one or more persons. To form a Society at least seven persons are required. Institutions engaged in promotion of art, culture, commerce etc. are often registered as non-profit companies.
Just provide some preliminary information and a our team will contact you as soon as possible.
- Understanding Trust
- Charitable Trust