How are the trusts normally created?

Trusts are created when the settlor of the property transfers a property to the trustees for its usage in the public purposes.

Four essential conditions are necessary to bring into being a valid trust.

1.      The person who creates a trust (settlor) should make an unequivocal declaration binding on him.

2.      He must transfer an identifiable property under irrevocable arrangement and totally divest himself of the ownership and the beneficial enjoyment of the income from the property .

3.      The objects of the trust must be defined and specified.

4.      The beneficiaries are specified.