Practice Brief • Trusts, NGOs & Wealth Structuring
Private Family Trust & Estate Succession Planning
Safeguarding multi-generational wealth, avoiding probate delays, and establishing governance charters.
Turnaround: 3 to 6 weeks for complete trust setup and asset transfer
Practice Lead: CA. R.A. Dhoot, Principal Chartered Accountant (FCA, DISA)
Practice Methodology & Regulatory Scope
Without structured succession, business families risk bitter partition disputes, inheritance delays, and wealth dissipation. We architect bespoke private trust structures that insulate assets from business claims, avoid public probate proceedings, and provide tax-neutral wealth transfers.
Governing Statutory Acts & Guidelines
Indian Trusts Act 1882
Section 161 to 166 of Income Tax Act 1961
Indian Succession Act 1925
Tangible Client Deliverables
1
Customized Private Family Trust Deed drafting with protector provisions2
Asset conveyance and transfer deed structuring (Real estate, shares, liquid assets)3
Drafting of Comprehensive Wills and Family Settlement Agreements4
Trust PAN, bank account opening, and Income Tax registration5
Family Governance Charter outlining next-generation leadership inductionMeasurable Enterprise Safeguards
Immediate transmission of assets upon demise without court probate or stamp duty shocks
Asset ring-fencing against marital breakdowns, creditors, or legal claims
Confidential preservation of family wealth distribution
Statutory Practice FAQs
Q: How is a private discretionary trust taxed in India?
A: A discretionary trust (where beneficiary shares are indeterminate) is generally taxed at the Maximum Marginal Rate (MMR - approx 42.74%). However, through specific drafting and where all beneficiaries have no other taxable income or under specific testamentary trust exemptions, single-slab taxation can be achieved.
Partner Consultation
Engage Practice Partner
Schedule an in-person chambers discussion or encrypted virtual conference with our senior practice leader.
Designated Partner Lead:
CA. R.A. Dhoot, Principal Chartered Accountant (FCA, DISA)
ICAI Fellow Chartered Accountant
Strict client confidentiality maintained under ICAI Code of Ethics.