Private Trusts – Seamless Succession for Securing Family Legacy
Private Trusts have always been considered as one of the efficient ways to plan and accumulate common family wealth. They have been, for decades now, used as an effective vehicle for inter-generational transition of wealth without affecting the core assets, especially in cases where wealth includes ownership stakes in family businesses and large real estate assets. However, the regulations governing trusts are grey and archaic. Further the interplay between state and central regulations (e.g.: real estate assets) makes the proposition even more complex.