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The beneficiary can (where
there is one beneficiary or if thereare several beneficiaries and all of them
agree) direct the trustee totransfer the trust property to him (if there are several
beneficiaries toall of them) or to such other person as the beneficiary (or thebeneficiaries
may desire).
A beneficiary can also transfer his interest in the trust property
andevery person to whom a beneficiary transfers his interest acquires therights
and liabilities of the beneficiary at the date of the transfer. But such a transfer
can be sought or made by the beneficiary (or thebeneficiaries as the case may
be) only if they are of the age of majoritywith 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 beenbequeathed to her via the trust
to ensure that she would not deprive herself ofher beneficial interest the trust
property cannot be transferred at herinstance as aforesaid.
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this site are encouraged to seek independent counsel for advice regarding their
individual legal issues or consult one of the experts online.
