when is a trust revoked ?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Uma asked over 3 years ago

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4 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 narahari answered about 3 years ago

The trust is revoked at the will of trustee only when mentioned in the trust deed about such right of trustee by will. Revocation in other cases can be revoked with the consent of all the beneficiaries only competent to contract.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 veeru answered over 3 years ago

A trust created by will may be revoked at the pleasure of the testator. A trust otherwise created can be revoked only- (a) where all the beneficiaries are competent to contract-by their consent; (b) where the trust has been declared by a non-testamentary instrument or by word of mouth-in exercise of a power of revocation expressly reserved to the author of the trust; or

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 lochan answered over 3 years ago

**REVOCATION OF TRUST** The trust is revoked at the will of trustee only when mentioned in the trust deed about such right of trustee by will. Revocation in other cases can be revoked with the consent of all the beneficiaries only competent to contract. But if a person who is the author of a trust creates a trust by non-testamentary instrument or by words of mouth for payment of his debts but does not communicate this to the creditors, he can anytime revoke the trust formed even though he had not reserved power of revocation. Thanks

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Data?1494421738 samkit kothari answered over 3 years ago

Revocation of trust A trust created by will may be revoked at the pleasure of the testator. A trust otherwise created can be revoked only- (a) where all the beneficiaries are competent to contract-by their consent; (b) where the trust has been declared by a non-testamentary instrument or by word of mouth-in exercise of a power of revocation expressly reserved to the author of the trust; or (c) where the trust is for the payment of the debts of the author of the trust, and has not been communicated to the creditors at the pleasure of the author of the trust.

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