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BENEFITS OF CREATING A TRUST IN PAKISTAN (For Property, Wealth, Family Assets & Future Generations)
In Pakistan, a private / family trust is one of the best methods to protect wealth, transfer assets, and ensure long-term family planning. Trusts are recognized under: Trusts Act, 1882
1. Asset Protection
2. Smooth Transfer to Future Generations
3. Avoiding Family Disputes & Ensuring Fair Distribution
4. Privacy & Confidentiality
5. Tax Planning Benefits (Lawful & Recognized)
6. Asset Management Without Ownership Risks
7. Protection for Minors / Future Generations
8. Prevent Misuse of Property
9. Better than a Will (Wasiyat)
10. Full Control for You While Alive
How to Create Trust in Pakistan.
STEP 1 — Stamp Duty Payment
Stamp duty is paid according to "Punjab Stamp Act". For trust deeds, it is generally "fixed and nominal".
STEP 2 — Trust Registration with Sub-Registrar
Register with: Sub-Registrar (Revenue Department of concern area),
STEP 3 — Mutation of Assets into Trust Name
STEP 4 — Trust Bank Account
STEP 5 — Registration with FBR (Optional but recommended)
TYPES OF TRUSTS YOU CAN CREATE
1. Family Trust
2. Living Trust (Revocable)
3. Irrevocable Trust
4. Property Protection Trust
5. Charitable Trust
6. Business / Shares Holding Trust