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)
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...
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Advocate Richa Agrawal

Advocate Richa Agrawal

15 minutes Free Consultation
Raipur, India

Founded in 2024
5 people in their team
English
Hindi
Richa Agrawal is a Advocate High Court of Chhattisgarh & All District Courts. Advocate Agrawal provides services in various fields of All Criminal Matters, Consumer Court Matters, Civil Matters, Divorce Matters, Family Matters, Property Matters, Cheque Bounce Matters, Copyright and Trademark...
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...

English
Apex Legal Consultancy & Legal Practitioners (ALCLP) is a distinguished law firm in India, renowned for its comprehensive legal services across various sectors. The firm specializes in indirect tax laws, including Goods and Services Tax (GST), Central Excise, Customs, and Service Tax. Additionally,...
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...
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...
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...
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...
Khaitan & Co
Mumbai, India

Founded in 1911
5,000 people in their team
Hindi
English
OverviewKhaitan & Co is one of India's oldest and recognised full service law firms. Built on foundations of integrity, simplicity, dedication and professionalism, the Firm has expanded its presence in India from Kolkata (1911) to New Delhi (1970) to Bangalore (1994) to Mumbai (2001) to...
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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.

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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.