Best Trusts Lawyers in India

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Fox & Mandal

Fox & Mandal

Kolkata, India

Founded in 1896
200 people in their team
Hindi
English
Founded in 1896 by John Kerr Fox and Gokul Chandra Mandal, Fox & Mandal (F&M) is one of Indiaโ€™s oldest law firms. We have remained committed to the service of our clients, team, and the legal community since our incorporation. At F&M, we have achieved the rare distinction of thriving...
R K and Associates

R K and Associates

Lucknow, India

Founded in 2003
English
R.K. & Associates is a distinguished law firm in India, offering comprehensive legal services across various domains, including bankruptcy, civil, criminal, elder, and family law. The firm is renowned for its adept handling of complex legal challenges, providing clients with practical and...
Lahiri & Associates

Lahiri & Associates

Kolkata, India

Founded in 1998
English
Lahiri & Associates stands as a prominent legal firm in India, renowned for its diverse expertise across several key areas of law. The firm excels in criminal justice, providing robust defense strategies and a comprehensive understanding of the penal system. With seasoned divorce lawyers and family...
Reddy & Reddy Law Firm

Reddy & Reddy Law Firm

Pune, India

Founded in 2010
English
Reddy & Reddy Law Firm, based in Pune, India, offers comprehensive legal services across various practice areas, including bankruptcy, divorce, elder law, employment, real estate, and trial litigation. The firm is led by founder and lead counsel Adv. Sudhir R. Reddy, a highly qualified advocate...
Advocate Radha Raman Roy

Advocate Radha Raman Roy

15 minutes Free Consultation
Patna, India

Founded in 1987
10 people in their team
English
Hindi
Advocate Radha Raman Roy, the best lawyer in Patna, is renowned for his over 35 years of experience in criminal, divorce, property, matrimonial, family, and civil law. He is highly respected in the legal fraternity in Patna and has a reputation for providing top-notch legal representation and...
LAW CHAMBER OF ADVOCATE RAJVEER SINGH

LAW CHAMBER OF ADVOCATE RAJVEER SINGH

15 minutes Free Consultation
Ranchi, India

Founded in 2016
10 people in their team
English
Hindi
Welcome to the Law Chamber of Advocate Rajveer Singh, Advocate Rajveer Singh is an Advocate and Registered Trademark Attorney with over 8 years of experience in Supreme Court of India, High Courts and District Courts. With a robust practice spanning multiple domains, we offer comprehensive...
Mishra & Associates Law Firm

Mishra & Associates Law Firm

30 minutes Free Consultation
Lucknow, India

Founded in 2012
6 people in their team
English
Hindi
Mishra & Associates is a reputed Law Firm from decades. With our team of expert legal professionals, we provide Legal Services like Civil, Criminal, Matrimonial, Labour Law, Consumer Disputes, Corporate Cases, Cheque bounce cases etc. at the Honโ€™ble Allahabad HighCourt, Honโ€™ble Lucknow High...
Vaibhav Chaudhari & Co. Advocates

Vaibhav Chaudhari & Co. Advocates

Mumbai, India

Founded in 2015
50 people in their team
Hindi
English
About UsProfessional Experience. Exceptional Results.Vaibhav Chaudhari & Co. specializes in handling matters pertaining to Criminal Law, Civil Law, Consumer Law, Dispute Resolution (Litigation), Conveyancing (Drafting & Registration), Due Diligence etc.We believe that providing High-Quality...
Shrivastava & Kesarwani Law Associates

Shrivastava & Kesarwani Law Associates

Jabalpur, India

Founded in 2023
English
Shrivastava & Kesarwani Law Associates is a full-service law firm headquartered in Jabalpur, India, with associate offices in New Delhi, Prayagraj (Allahabad), Indore, and Lucknow. The firm specializes in both civil and criminal litigation, offering comprehensive legal solutions across various...
KG Law Offices

KG Law Offices

New Delhi, India

Founded in 2015
English
KG Law Offices (KGLO), founded by Advocate Kunal Gosain, is a distinguished boutique law firm headquartered in New Delhi, India, with a robust pan-India presence. Established in 2015, the firm has garnered a reputation for delivering comprehensive and result-oriented legal solutions tailored to the...
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About Trusts Law in India

Trusts in India are governed by the Indian Trusts Act, 1882. A trust is a legal arrangement where one person (the settlor) transfers assets to another person (the trustee) to hold and manage for the benefit of a third party (the beneficiary). Trusts are commonly used for estate planning, charitable purposes, and asset protection.

Why You May Need a Lawyer

You may need a lawyer for trusts in India to help you draft a trust deed, advise you on the legal implications of creating a trust, ensure compliance with all legal requirements, resolve disputes between trustees and beneficiaries, and provide guidance on managing trust assets.

Local Laws Overview

Some key aspects of local laws in India that are relevant to trusts include the Indian Trusts Act, 1882, which governs the creation and administration of trusts, the Income Tax Act, 1961, which regulates tax implications of trusts, and state-specific laws that may impact the creation and administration of trusts.

Frequently Asked Questions

1. What is a trust deed?

A trust deed is a legal document that outlines the terms and conditions of a trust, including the names of the settlor, trustee, and beneficiaries, the objectives of the trust, and the assets held in the trust.

2. How do I create a trust in India?

To create a trust in India, you need to draft a trust deed, execute it by signing it, and register it with the local sub-registrar of assurances.

3. Can a trust be revoked?

Depending on the terms of the trust deed, a trust can be revoked by the settlor or terminated when the objectives of the trust have been fulfilled.

4. What are the duties of a trustee?

A trustee has a fiduciary duty to act in the best interests of the beneficiaries, manage trust assets prudently, and follow the terms of the trust deed.

5. How are trusts taxed in India?

Trusts in India are subject to income tax, and the tax rates vary depending on the type of trust and the income generated by the trust.

6. Can a trust own property in India?

Yes, a trust can own property in India, and the trust deed will specify how the property is to be managed and distributed.

7. What is the difference between a public trust and a private trust?

A public trust is created for charitable purposes and benefits the public at large, while a private trust is created for the benefit of specific individuals or families.

8. Can a minor be a beneficiary of a trust?

Yes, a minor can be a beneficiary of a trust, but a guardian may need to be appointed to oversee the minor's interests until they reach the age of majority.

9. How can I choose a trustee for my trust?

It is important to choose a trustee who is trustworthy, competent, and willing to fulfill their duties as outlined in the trust deed. You can also consider appointing a professional trustee, such as a bank or financial institution.

10. Can a trust be challenged in court?

If there are disputes over the administration of a trust or the validity of a trust deed, interested parties can challenge the trust in court. It is advisable to seek legal advice in such cases.

Additional Resources

For more information on trusts in India, you can refer to the Indian Trusts Act, 1882, the Income Tax Act, 1961, and consult with legal professionals specializing in trusts and estate planning.

Next Steps

If you need legal assistance with trusts in India, you should consult with a lawyer who specializes in trust law. They can provide guidance on creating a trust, managing trust assets, resolving disputes, and ensuring compliance with all legal requirements.

Disclaimer:
The information provided on this page is intended for informational purposes only and should not be construed as legal advice. While we strive to present accurate and up-to-date information, we cannot guarantee the accuracy, completeness, or currentness of the content. Laws and regulations can change frequently, and interpretations of the law can vary. Therefore, you should consult with qualified legal professionals for specific advice tailored to your situation. We disclaim all liability for actions you take or fail to take based on any content on this page. If you find any information to be incorrect or outdated, please contact us, and we will make efforts to rectify it.