In India, many businesses, big or small, are on the verge of succession. The generation which has set up and managed their business with a lot of hard work is now retiring and surely the reins are going to pass on to the hands of next generation. But succession planning is easier said than done. […]
Indian succession laws are not straight and many a time they are not what you want. A Will surely do resolve many issues of your succession. It ensures your wish of your wealth distribution is known to your loved ones at your death. But it’s not a one-day affair. There will be many institutions where […]
This part of the article covers aspects on dissolution of private trust, concept of a living trust, a checklist for trust creation and situations where creation of a trust can be really helpful. Read through the last and final part of the series on private trust creation.
Taxation of Private Trust Although there is a lot of consideration before a private trust can be created one very important element which is required to be addressed is the taxation. The primary reason is that income of a private trust is taxed differently in different structures and any ineffective planning can lead to maximization […]
Much like a Will, a trust is also a very effective tool for estate planning. A creation of Trust benefits in many situations where an individual wish to decide who control the assets and who benefits from them not only when they are alive but also when they are no more. Many Indian families are […]