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Documents Required for Educational Trust in India Draft a Cover Letter. Duly Drafted Memorandum of Association. Appropriately Drafted Articles of Association. Drafted Affidavit for President (Notarised) Obtain NOC by the landlord and get Notarised. Get the Authority letter with directives.
There are a few advantages to creating an education trust: Parents and grandparents can rest assured that the money is put to good use. Some beneficiaries squander their inheritance on frivolities and end up broke within a few months or years. ... Many education trusts are irrevocable.
An educational trust is a trust where the money and/or property contained within go towards supporting someone's education, or to establish or finance schools.
A trust deed is a legal document that sets out the rules for establishing and operating your fund. It includes such things as the fund's objectives, who can be a member and whether benefits can be paid as a lump sum or income stream.
Preserving your child's education An education trust allows you to gift property to your child to be used for education purposes. This is a very flexible way to invest in your child's education, as you can set up a trust using property or funds to benefit your child in the future.