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FORM NO. 10AC (See rule 17A/11AA/2C) Order for approval1PANAAATP7884K2NamePEOPLES TRUST2aAddress Flat/Door/Building125, Sahyadri NilayaName of premises/Building/VillageA Sector,Road/Street/Post OfficeAmrutha
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People's trust refers to a fiduciary arrangement where a third party, known as a trustee, holds assets on behalf of individuals, known as beneficiaries, to manage and protect their interests.
Individuals or entities who establish a trust to manage their assets for personal or family benefits are required to file people's trust.
To fill out a people's trust, one must complete a trust agreement document that outlines the terms of the trust, specifies the trustee and beneficiaries, and includes assets to be managed.
The purpose of people's trust is to provide asset protection, estate planning, and efficient management of one’s assets for the benefit of the beneficiaries.
The information that must be reported on people's trust includes the names of the trustee and beneficiaries, the assets held in the trust, and the terms of the trust agreement.
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