Can trustee also be a beneficiary while setting up a trust in India?

Family Trust

The following article was first published in the Mint newspaper on 17th January, 2023. The same was written by our Private Client team at Cyril Amarchand Mangaldas, who frequently publish their comments and opinions in the Mint. The online version of the article can be found here.

‘Should I write a will or form a trust to distribute my assets?’, mentioned setting up a trust with a daughter as trustee and adding one more person as trustee and beneficiary. As far Read the rest

New Chapter 7 Trustee Payments Set to Begin

Bankruptcy courts will begin processing an additional $ 60 per case payment to eligible chapter 7 bankruptcy trustees for applicable cases filed or converted in fiscal year 2021. Applicable cases are chapter 7 cases filed on or after Jan. 12, 2021, through Sept. 30, 2021, or chapter 11, 12, or 13 cases filed on or after Jan. 12, 2021, that are subsequently converted to chapter 7, on or before Sept. 30, 2021.
Judiciary News – United States CourtsRead the rest