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Can a private trust benefit a differently abled child?
Mint Mumbai
|November 20, 2024
Can a private trust benth a differently-abled child, and who should be appointed as trustee? How can utilization of the trust's assets be effectively controlled? -Name withheld on request.

Establishing a private trust to secure a differently-abled child's financial future offers key benefits over the standard financial instruments, giving parents full control over asset management and distribution. This allows parents to specify not only the beneficiary-their child-but also clear terms for how and when funds should be used for her well-being. Private trusts protect resources from risk and mismanagement prioritizing the child's long-term interest. Parents should defin
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