CHARITABLE TRUSTS IN VIJAYAWADA

FAQ's: FREQUENTLY ASKED QUESTIONS

How does a charitable trust work?

A charitable trust works by transferring assets, such as cash, securities, or real estate, into a trust, which is then managed by a trustee. The trustee is responsible for administering the trust and ensuring that its assets are used for the intended charitable purposes. Depending on the type of charitable trust, the donor may be able to receive a tax deduction for their contribution.