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of <h1>Trustees Must Convert Wasting Assets to Permanent Ones Under Section 16 of Indian Trusts Act, 1882</h1> Section 16 of the Indian Trusts Act, 1882, mandates that when a trust is created for successive beneficiaries and involves property of a wasting nature or a future interest, the trustee must convert the property into something permanent and profitable, unless the trust document specifies otherwise. For example, if a trust involves leasehold houses without explicit intent for them to be enjoyed in their original form, they should be sold and the proceeds invested. Conversely, if the trust document clearly indicates the property should be enjoyed as is, the trustee should not sell it.
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