Noel Tata along with Shireen and Deanna Jejeebhoy has been appointed to the board of the Ratan Tata Endowment Trust (RTET). These appointments were made by the existing trustees claims Economic Times report. Legal experts note that personal laws generally do not impose restrictive conditions in a will allowing for greater flexibility in such decisions. RTET Board The inclusion of Tata group executives RR Shastri and Jamsheed Poncha on the RTET board further strengthens its governance framework. Following these appointments Khambata has stepped down from the board. ET report citing insiders suggest that the RTET may collaborate with Tata Trusts on large-scale impactful projects. Ratan Tata WIll Executors In Trust Deanna and Shireen Jejeebhoy are also executors of Ratan Tatas will. According to a media report there is no legal restriction preventing beneficiaries or executors from holding positions in entities mentioned in the will. The distribution of Ratan Tatas wealth will only proceed after the will is submitted for probate and certified by the high court a process that could take up to six months. Purpose Of Ratan Tata Endowment Trust Ratan Tata established the RTET in addition to the Ratan Tata Endowment Foundation (RTEF) as part of his estate planning efforts. The trust’s corpus is intended to generate resources for future charitable initiatives. While the RTEF a Section 8 company registered under the Companies Act 2013 primarily focuses on philanthropic objectives the RTET governed by the Indian Trusts Act 1882 represents a private trust managing assets to meet its charitable objectives. An endowment fund is designed to preserve and grow capital through prudent investments generating income for continuous charitable purposes. A trust on the other hand serves as a legal entity that holds and administers assets ensuring their use aligns with clearly defined charitable goals.