Nizam, the settlor, since the settlor was empowered to effect changes in the trust and therefore the interest of the beneficiaries in the trust ... favour of any other beneficiaries. It also did not contemplate any change in the beneficiaries after the death of the settlor. Clause 11 empowered
were made at a stretch only after the death of the settlor. The beneficiaries of this trust had to be paid annually ... investments, were registered in the names of the settlor and the sons, but the settlor was absolutely entitled to them beneficially.
It was held that
beneficiaries is an undefined interest and that the share of each beneficiary is indeterminable and unknown and that, therefore, the beneficiaries could have no vested ... death of the settlor and it is, therefore, legal to modify the directions of the settlor with the consent of the beneficiaries
trust fund ?
(ii) the material persons to be held as the beneficiary or beneficiaries on the respective valuation dates for the assessment years in question ... also provided that, in the event of any of the beneficiaries not surviving the settlor, his or her share would devolve according
time assess or levy on the settlor or the trustees or any of them or any of the beneficiaries under the said deed of trust ... income of the settlor or of the trustees or any of them or of any of the beneficiaries under the provisions of the Indian Income
Mercantile Bank of India at Bombay as per the wish of the settlor, R. N. Malhotra (R. W. 2) the nominee of the Government ... first appellant one of the beneficiaries and a granddaughter of the settlor, instituted in the Court of the Chief Judge, City Civil Court, Hyderabad
trust fund during the lifetime of the settlor and, after the death of the settlor, they had got a right to the income from ... beneficiaries of their rights or that they have no vested rights in that income. If any of the beneficiaries do not survive the settlor
Indenture dated 29-3-1951. The said Settlor specified the names of the beneficiaries, their respective shares and also indicated the purposes wherever required ... sale of jewellery could take place only after the death of the settlor and his eldest son Prince Azam Jah Bahadur.
6. The Settlor died
between the immediate beneficiaries and the ultimate beneficiary in the ratio of 70.30 and make lump sum payments to the beneficiaries in the proportion ... provide some monthly allowances to the beneficiaries for their sustenance and if the beneficiaries are allowed to take their share in the corpus
trustees should pay the net income on the properties to the settlor during his lifetime and thereafter to his daughters and grand-children ... that in case all the beneficiaries are to die without leaving any issue at the time when the beneficiaries are entitled to the payment
