India – Trust Planning Services
Discussion on the purpose of estate planning
- Understanding goals such as wealth protection, succession, and legacy planning
- Clarifying how assets are distributed during lifetime and after death
- Identifying family needs, dependants, and cross-border considerations
Identification of assets to be transferred to the trust
- Listing movable and immovable assets including property, investments, and savings
- Reviewing ownership structure and documentation of each asset
- Assessing suitability of assets for inclusion in a trust structure
Planning the structuring of the trust and roadmap for formation
- Selecting appropriate trust type based on objectives and jurisdiction
- Defining roles such as settlor, trustees, and beneficiaries
- Creating a step-by-step implementation plan with timelines
Preparation of support documents to establish the trust
- Drafting trust deed and supporting legal documents
- Collecting identity, ownership, and valuation records
- Coordinating documentation required for execution and registration
Tax planning for the trust involving NRI beneficiaries
- Reviewing tax implications in India and relevant foreign jurisdictions
- Assessing potential inheritance and capital gains considerations
- Structuring to optimise tax efficiency and compliance requirements