How does a settlor become a trustee and minimum trustees required?
The settlor is a chairperson of the trust. In the deed registration, the settlor is not mentioned as a trustee. How does the settlor become a trustee of the trust? If one trustee resigns, does the trust require a minimum of three trustees?
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Advocate By LEAD INDIA
Answered: 11 Feb 2025
Sir, if the settlor is the chairperson of a trust but not listed as a trustee in the deed, they can become a trustee by either being appointed through a separate legal document or having the existing trustees amends the trust deed to include them. The process depends on the trust deed's terms and local laws. For further legal assistance contact us on our helpline number.
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