How Can An NRI Form A Wealth Management Trust In India
Puffins Publishers Private Limited
May 2024 · Puffins Publishers Private Limited
Ebook
25
Pages
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About this ebook
This book, “How Can An NRI Form A WEALTH MANAGEMENT TRUST IN INDIA” by the Editorial Team of PUFFINS PUBLISHERS is not just a technical manual, but a comprehensive roadmap for the Non-Resident Indians (NRIs) seeking to secure and manage their wealth within India’s legal framework. This book delves into the intricacies of trusts, explaining their various types in the Indian context. From Revocable Trusts, offering flexibility and control, to Irrevocable Trusts, ensuring asset protection, the reader gains a clear understanding of each option’s advantages and limitations. Legal references throughout the book provide a solid foundation for informed decision-making!
Building a trust involves choosing the right Trustees, individuals entrusted with managing your wealth. The book meticulously outlines the qualifications, roles, and responsibilities of Trustees, including residency requirements. Whether opting for individual Trustees, corporate entities, or a combination, the reader gains the knowledge to make informed choices. Formation of a trust requires careful planning and execution. The book handholds the reader through each step, from drafting the Trust Deed to registering it with the appropriate authorities. It clarifies essential documents and procedures, simplifying the process and removing confusion!
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