Family Trusts are legal arrangements in which the owner of wealth, known as the settlor, transfers his / her assets (property, investments, or cash) into a trust for the benefit of their family members / beneficiaries.

Family Trust / Private Trust is the most secure Succession Plan since it avoids Probate, and minimizes the risk of challenge from family members. Hence it is a very effective way of passing on your wealth across generations.

By placing assets into a Trust, the settlor gives up direct ownership but may retain control over how those assets are utilized and distributed. The beneficiaries of the trust can receive income generated by the trust's assets or even have access to the assets themselves, subject to the terms set by the settlor.

We at Sunpacific can help in Creating and Executing Family / Private Trust to enable a smooth handover of family property to the beneficiary as per the wishes of Settlor in the state of Maharashtra.