Quiz for the week (01 Jun 2026) :
Dr.Arul (age 75 ) is a famous surgeon with professional standing of 40 years who runs a multi-speciality hospital. He wants his grandson to benefit by owning / running the hospital but he is presently only 5 years old. He wants his daughter in law to administer the hospital till the grandson becomes 25 years age or qualifies as a doctor, whichever happens earlier. He does not want any other person to obtain benefit therefrom. He wants to execute a ‘will’. Assume that a private trust is to be constituted. Write a brief note to present to Dr. Arul about the income and asset safety in this regard.
Share your thoughts on or before 07.06.2026.