Thanks Bhaisaheb. Very helpful. Your Rs 500/- is surely due…..
Thanks & Best Regards,
Akhil Jain
Director
Structured Trade Finance (Corporate Finance) , MENA Region
Standard Chartered Bank
Phone: +971 4 5083040
Mobile: +971 50 6766567
Fonenet +4901 3040
Fax: +971 4 4282600
Email : Akhil.Jain@sc.com (Pleases note my new email address)
Address: Standard Chartered Bank,Building 1, 7th Floor, DIFC, P.O Box 999, Dubai, UAE
http://www.standardchartered.com
From: Alok Tholiya [mailto:atholiya@gmail.com]
Sent: Sunday, May 08, 2011 6:18 PM
To: Jain, Akhil
Subject: Re: Pl. donate Rs 500/- to my sanstha VNSS if u make PVT trust after this mail / blog
It can go on or if specified objective is over then can closed say if u write all balance should be spent on Ridhis marriage and then should be closed then it gets closed or if all beneficiaries decide unanimously then it can be closed.
On Sun, May 8, 2011 at 10:29 AM, Jain, Akhil <Akhil.Jain@sc.com> wrote:
Bhai,
Thanks for this. Just one question. When and how can the Trust be closed?
Thanks & Best Regards,
Akhil Jain
Director
Structured Trade Finance (Corporate Finance) , MENA Region
Standard Chartered Bank
Phone: +971 4 5083040
Mobile: +971 50 6766567
Fonenet +4901 3040
Fax: +971 4 4282600
Email : Akhil.Jain@sc.com (Pleases note my new email address)
Address: Standard Chartered Bank,Building 1, 7th Floor, DIFC, P.O Box 999, Dubai, UAE
http://www.standardchartered.com
From: Alok Tholiya [mailto:atholiya@gmail.com]
Sent: Saturday, May 07, 2011 10:39 AM
To: undisclosed-recipients
Subject: Pl. donate Rs 500/- to my sanstha VNSS if u make PVT trust after this mail / blog
VARISHTHA NAGRIK SEVA SANSTHA
Marigold Hall, Tholiya Bhavan, 10th Road, Next to Regency Hotel,
Near Vakola Highway Signal, Santacruz East, Mumbai – 400 055
Tel. 9324225699 / tholiya@hotmail.com
How A Private Trust Can Help Your Daughter,Handicapped Dependent or Wife ?
India live in families. We remain concerned about the family members . The question remain foremost important in ones mind what happens after one's demise.In many unfortunate circumstances like below , one's concern is very real……
A daughter or son in the family paralysed and completely handicapped.
Son is busy with his own family and has no time for parents, who will take care of your wife who is suffering from many problems.
A daughter who is married , but son -in-law is not reliable. You fear after you he may sell the property .
You have sister who is very poor and you always helped her. You are concerned about her. You want to help even after your demise.
Creating a private trust can solve the aforesaid concerns of yours. Why ? Because
- The property or assets which you will allocate to a trust , shall remain forever with the trust.
- During your life time , you yourself can be trustee.
- After your demise, the person you have declared in trust deed will become trustee. If you want , there can be more than one trustee.
The trustee can only do what is written in the trust deed. This means that you can actually decide before hand how the income of the trust should be spent on beneficiaries.
For example , suppose Mr X has a house property which is given on rent . Apart from this , Mr X has 10 Lakhs cash. He has two sons , three grandson, one handicapped son, one married daughter. He wants that he should help for studies of his grandsons,handicapped son and married daughter . For this he can create trust in which he will transfer his property and Rs 10 Lakhs of cash. This will become the capital of the trust. In the trust deed , he can set forth that income earned from rent and the interest on Rs 10 Lakhs should be distributed every year in the beginning of the Financial year among his grandson , handicapped son and married daughter in following ratio
Grand sons @ 10 % each.
Handicapped son @ 25 %
Married daughter @ 20 %
Balance with the trust.
During his life time , he himself can be come trustee, but he can prescribe person or a board of person who will become trustee after his death. The trustee will have to function according to the conditions set forth in the trust deed.In this way, at least ,financial help will come to the persons Mr X wants .
This email and any attachments are confidential and may also be privileged. If you are not the addressee, do not disclose, copy, circulate or in any other way use or rely on the information contained in this email or any attachments. If received in error, notify the sender immediately and delete this email and any attachments from your system. Emails cannot be guaranteed to be secure or error free as the message and any attachments could be intercepted, corrupted, lost, delayed, incomplete or amended. Standard Chartered PLC and its subsidiaries do not accept liability for damage caused by this email or any attachments and may monitor email traffic.Standard Chartered PLC is incorporated in England with limited liability under company number 966425 and has its registered office at 1 Aldermanbury Square, London, EC2V 7SB.Standard Chartered Bank ("SCB") is incorporated in England with limited liability by Royal Charter 1853, under reference ZC18. The Principal Office of SCB is situated in England at 1 Aldermanbury Square, London EC2V 7SB. In the United Kingdom, SCB is authorised and regulated by the Financial Services Authority under FSA register number 114276.If you are receiving this email from SCB outside the UK, please click http://www.standardchartered.com/global/email_disclaimer.html to refer to the information on other jurisdictions.
--
Thanks and Regards,
Alok Tholiya (S.E.O.)
(Real Estate, Insurance, Mutual Funds, Bonds,
Tholiya Marketing and Leasing Pvt. Ltd.
Marigold Party Hall,
Tholiya Bhavan,Next to Regency Hotel,
10th Rd., Santacruz East,
Mumbai 400055
tholiya@hotmail.com
M:9324225699
• Pl. fwd./ circulate this mail if you think the issues raised here needs wider audience.
• Let us make our city beautiful, disciplined and Loveable.
Let us handover to our future generation a better place to live in.
• www.digambarjains.com
The matrimonial web site for Digambar Jains
• Also subscribe to my very popular yahoogroup:
Send blank mail to:
menow-subscribe@yahoogroups.comThis email and any attachments are confidential and may also be privileged. If you are not the addressee, do not disclose, copy, circulate or in any other way use or rely on the information contained in this email or any attachments. If received in error, notify the sender immediately and delete this email and any attachments from your system. Emails cannot be guaranteed to be secure or error free as the message and any attachments could be intercepted, corrupted, lost, delayed, incomplete or amended. Standard Chartered PLC and its subsidiaries do not accept liability for damage caused by this email or any attachments and may monitor email traffic. Standard Chartered PLC is incorporated in England with limited liability under company number 966425 and has its registered office at 1 Aldermanbury Square, London, EC2V 7SB. Standard Chartered Bank ("SCB") is incorporated in England with limited liability by Royal Charter 1853, under reference ZC18. The Principal Office of SCB is situated in England at 1 Aldermanbury Square, London EC2V 7SB. In the United Kingdom, SCB is authorised and regulated by the Financial Services Authority under FSA register number 114276. If you are receiving this email from SCB outside the UK, please click http://www.standardchartered.com/global/email_disclaimer.html to refer to the information on other jurisdictions.
--
Thanks and Regards,
Alok Tholiya (S.E.O.)
(Real Estate, Insurance, Mutual Funds, Bonds,
Tholiya Marketing and Leasing Pvt. Ltd.
Marigold Party Hall,
Tholiya Bhavan,Next to Regency Hotel,
10th Rd., Santacruz East,
Mumbai 400055
tholiya@hotmail.com
M:9324225699
• Pl. fwd./ circulate this mail if you think the issues raised here needs wider audience.
• Let us make our city beautiful, disciplined and Loveable.
Let us handover to our future generation a better place to live in.
• www.digambarjains.com
The matrimonial web site for Digambar Jains
• Also subscribe to my very popular yahoogroup:
Send blank mail to:
menow-subscribe@yahoogroups.com
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