Best Trusts Lawyers in India

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Solomon & Co.
Mumbai, India

Founded in 1909
75 people in their team
English
French
Hindi
Marathi (Marฤแนญhฤซ)
Private Client Trusts Estate Planning +3 more
The firm represents a wide spectrum of clientele, including domestic and international corporations, government bodies, financial institutions, funds, high-net-worth individuals, and not-for-profit organizations. With a team of experienced professionals deeply versed in Indian and international...
Diligence Law Firm
Coimbatore, India

English
Diligence Law Firm, based in Coimbatore, India, is a full-service legal practice with over 12 years of experience. The firm offers a comprehensive range of legal services, including criminal law, family law matters such as restitution of conjugal rights and divorce, senior citizen rights, child...
Dr Gubbi's HOUSE OF JUSTICE
Bengaluru, India

Founded in 2014
5 people in their team
English
Tamil
Kannada
Hindi
We practice in Indian Laws, Private International Laws-Cross Border Disputes- Family, Child, Divorce; Commercial matters, customs, property, trade disputes, taxation, corporate laws.We appear upto High Courts and Supreme Court
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...
Enlight Juris Law Firm
Mumbai, India

English
Enlight Juris Law Firm, established on August 15, 2018, is headquartered in Mumbai and led by Advocate Dishant Chitalia. The firm has rapidly built a reputation for integrity and proactive legal counsel, offering innovative solutions tailored to client needs. Its team comprises seasoned advocates...

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...
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...

Founded in 2007
10 people in their team
English
ITAG Business Solutions Ltd. is a distinguished legal and IP consulting firm based in India, offering a comprehensive suite of services to clients across industries and jurisdictions. Since its inception in 2007, ITAG has built a reputation for legal excellence, innovation, and...
Surat, India

Founded in 2016
English
Established in October 2016, ProBono India is a pioneering platform dedicated to integrating legal aid and awareness initiatives across the nation. The firm has expanded its services to encompass legal aid, legal awareness, legal intervention, legal journalism, and legal activism, all aimed at...
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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.

Lawzana helps you find the best lawyers and law firms in India through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Trusts, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in India - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.