Best Trusts Lawyers in New Delhi

Share your needs with us, get contacted by law firms.

Free. Takes 2 min.

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...
AS SEEN ON

About Trusts Law in New Delhi, India:

Trusts are legal entities that can be set up to hold assets on behalf of individuals or organizations for specific purposes. In New Delhi, India, the Trusts Act of 1882 governs the creation and administration of trusts. Trusts are commonly used for estate planning, charitable purposes, and asset protection.

Why You May Need a Lawyer:

There are several situations where you may need a lawyer with expertise in trusts law in New Delhi, India. This includes setting up a trust, understanding the legal requirements, drafting trust documents, resolving disputes related to trusts, and navigating complex legal issues.

Local Laws Overview:

In New Delhi, India, trusts are governed by the Indian Trusts Act, 1882. This law outlines the legal requirements for creating trusts, the duties and responsibilities of trustees, the rights of beneficiaries, and the procedures for dispute resolution. It is important to be familiar with the local laws when dealing with trusts in New Delhi, India.

Frequently Asked Questions:

1. What is a trust?

A trust is a legal entity that holds assets on behalf of individuals or organizations for specific purposes.

2. How do I set up a trust in New Delhi, India?

To set up a trust in New Delhi, India, you need to create a trust deed, appoint trustees, and transfer assets to the trust. It is advisable to seek legal advice to ensure compliance with the law.

3. Can I be a trustee and a beneficiary of the same trust?

Yes, in New Delhi, India, it is possible to be a trustee and a beneficiary of the same trust. However, the trust deed must clearly outline the roles and responsibilities of the trustee and the rights of the beneficiaries.

4. What are the duties of a trustee in New Delhi, India?

Trustees in New Delhi, India have a fiduciary duty to act in the best interests of the beneficiaries, manage the trust assets prudently, and comply with the terms of the trust deed.

5. How can I resolve disputes related to a trust in New Delhi, India?

Disputes related to trusts in New Delhi, India can be resolved through negotiation, mediation, or litigation. It is advisable to seek legal advice to determine the best course of action.

6. Can a trust be revoked in New Delhi, India?

Yes, a trust can be revoked in New Delhi, India if all the beneficiaries consent to the revocation. It is important to follow the legal procedures for revoking a trust to avoid any disputes.

7. Are there any tax implications of creating a trust in New Delhi, India?

Yes, there are tax implications of creating a trust in New Delhi, India. It is advisable to consult with a tax advisor to understand the tax implications and obligations of a trust.

8. What is the difference between a private trust and a public trust in New Delhi, India?

A private trust is created for the benefit of specific individuals or families, while a public trust is established for charitable or philanthropic purposes. The registration and regulation of public trusts are governed by specific laws in India.

9. Can a minor be a beneficiary of a trust in New Delhi, India?

Yes, a minor can be a beneficiary of a trust in New Delhi, India. In such cases, a guardian may be appointed to represent the minor's interests and manage the trust assets on their behalf.

10. How can I ensure the proper administration of a trust in New Delhi, India?

To ensure the proper administration of a trust in New Delhi, India, it is important to appoint trustworthy and competent trustees, maintain detailed records of trust transactions, and regularly review the trust deed to ensure compliance with the law.

Additional Resources:

For more information on trusts law in New Delhi, India, you can refer to the Indian Trusts Act, 1882. You may also consider seeking guidance from legal professionals, trust administrators, and governmental bodies such as the Ministry of Corporate Affairs.

Next Steps:

If you require legal assistance with trusts in New Delhi, India, it is advisable to consult with a qualified lawyer specializing in trusts law. They can provide personalized guidance and support to help you navigate the legal complexities of trusts and ensure the proper administration of your trust.

Lawzana helps you find the best lawyers and law firms in New Delhi 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 New Delhi, 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.