Legal Question in Wills and Trusts in India
My wife and I want to put our assets in a trust for our children who are not in India with us. What is the best way to do this? Do we need to go through a lawyer? Do you know of any law firm in Rajasthan? Is it better to make a will or set up a trust?
Asked on 9/16/10, 6:14 am
2 Answers from Attorneys
Vishwa Arya
Arya & Co.
Will or Trust would depend upon your objective. If you want the benefits to be restricted to your children only, go for will.
Answered on 9/16/10, 9:40 am
RAJIV GUPTA
(Cell: +91 9811284735) [email protected]
yes in case you need to form a trust for the benefit of your NRI children, you need to hire a lawyer who would go thorugh all the legal aspects and set up a trust. will is a document that is not considered very safe in indian situation.
Answered on 9/16/10, 10:22 am