Millionaire Mode

Trusts: Reformation and Rescission

Question 1 of 14

What is the primary purpose of reformation in the context of trusts?

  1. To correct mistakes in the trust document
  2. To change the terms of the trust
  3. To terminate the trust
  4. To distribute the trust assets to the beneficiaries

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000