Private trust formation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 April 2012
I am working abroad and my mother is living alone at my native in Tamilnadu. I am thinking of forming a private trust with some property so as to support her as my wife is not supportive. Can I be the trustee along with my brother in my native place. Also I want to recover the property back to me after her death. Is it possible?
06 April 2012
Yes .You can.You can be a trustee and settle the preoperty to the trust and provide for a dissolution clause suitably to ensure that the trust property is back in your hands..
Alternively
you can preparee a settlement deed settling the income of the property during her life
Alternively
you can preparee a settlement deed settling the income of the property during her life
Message likes :
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06 April 2012
The expert is correct you can form a trust and accordingly can give support to your mother with the clause of reverting back the properties to you after death of your mother.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
06 April 2012
Thank you for responses. I am much relieved by your guidance.Bye the bye is there anybody in the (Tamil Nadu)Dindigul district area who can provide me the service for which I'll pay
10 August 2024
For the formation of a private trust in Dindigul, Tamil Nadu, you can seek assistance from professionals who specialize in trust formation, legal services, and tax matters. Here are some options to consider:
### 1. **Local Legal Advisors and Chartered Accountants**
- **Chartered Accountants (CAs)**: CAs often handle trust formation, compliance, and tax-related issues. They can help draft the trust deed, guide you through registration, and ensure compliance with tax regulations.
- **Lawyers**: Legal professionals specializing in estate planning, family law, or corporate law can assist in drafting and registering the trust deed.
### 2. **Local Firms and Consultancies**
- **Legal and Tax Advisory Firms**: Look for local firms in Dindigul that offer legal and tax advisory services. They can provide comprehensive assistance with trust formation and ongoing management.
- **Consultancy Services**: Firms specializing in company and trust formation services can also help. They handle the paperwork, registration, and compliance requirements.
### 3. **Professional Networks and Referrals**
- **Professional Networks**: Reach out to professional networks or business associations in Dindigul for recommendations. They might have contacts with reliable service providers.
- **Referrals**: Ask for referrals from friends, family, or business associates who may have experience with trust formation in your area.
### 4. **Online Platforms**
- **Online Legal Services**: Websites offering legal services and consultations can connect you with professionals who can assist with trust formation remotely if local options are limited.
### Specific Contacts in Dindigul
While I cannot provide specific contact details, here’s how you can find local services:
1. **Search Online**: Use search engines to look for legal or tax advisory services in Dindigul. Keywords like “Chartered Accountant Dindigul” or “Lawyers in Dindigul” can be useful.
2. **Local Directories**: Check local business directories or yellow pages for legal and financial service providers.
3. **Professional Associations**: Contact local chapters of professional associations like the Institute of Chartered Accountants of India (ICAI) for referrals.
### Suggested Steps
1. **Contact Multiple Providers**: Reach out to a few providers to compare services, fees, and expertise.
2. **Discuss Your Needs**: Clearly outline your requirements for the private trust, including its purpose, structure, and any specific needs.
3. **Get Quotes**: Obtain quotes and understand the scope of services offered.
4. **Verify Credentials**: Ensure that the professionals you choose have relevant experience and credentials.
By following these steps, you should be able to find a qualified professional in Dindigul to assist with the formation of your private trust.
### 1. **Local Legal Advisors and Chartered Accountants**
- **Chartered Accountants (CAs)**: CAs often handle trust formation, compliance, and tax-related issues. They can help draft the trust deed, guide you through registration, and ensure compliance with tax regulations.
- **Lawyers**: Legal professionals specializing in estate planning, family law, or corporate law can assist in drafting and registering the trust deed.
### 2. **Local Firms and Consultancies**
- **Legal and Tax Advisory Firms**: Look for local firms in Dindigul that offer legal and tax advisory services. They can provide comprehensive assistance with trust formation and ongoing management.
- **Consultancy Services**: Firms specializing in company and trust formation services can also help. They handle the paperwork, registration, and compliance requirements.
### 3. **Professional Networks and Referrals**
- **Professional Networks**: Reach out to professional networks or business associations in Dindigul for recommendations. They might have contacts with reliable service providers.
- **Referrals**: Ask for referrals from friends, family, or business associates who may have experience with trust formation in your area.
### 4. **Online Platforms**
- **Online Legal Services**: Websites offering legal services and consultations can connect you with professionals who can assist with trust formation remotely if local options are limited.
### Specific Contacts in Dindigul
While I cannot provide specific contact details, here’s how you can find local services:
1. **Search Online**: Use search engines to look for legal or tax advisory services in Dindigul. Keywords like “Chartered Accountant Dindigul” or “Lawyers in Dindigul” can be useful.
2. **Local Directories**: Check local business directories or yellow pages for legal and financial service providers.
3. **Professional Associations**: Contact local chapters of professional associations like the Institute of Chartered Accountants of India (ICAI) for referrals.
### Suggested Steps
1. **Contact Multiple Providers**: Reach out to a few providers to compare services, fees, and expertise.
2. **Discuss Your Needs**: Clearly outline your requirements for the private trust, including its purpose, structure, and any specific needs.
3. **Get Quotes**: Obtain quotes and understand the scope of services offered.
4. **Verify Credentials**: Ensure that the professionals you choose have relevant experience and credentials.
By following these steps, you should be able to find a qualified professional in Dindigul to assist with the formation of your private trust.
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