Trust – Prospero Advisors

Trust Registration

To avail of the benefits of Trust in India, it is compulsory to get Trust Registration Certificate. Contact us & get the Trust Registration done. We will help you from the advisory to guidance on compliance regarding Trust Registration.

Overview of Trust Registration

Trust Registration is governed by the Indian Trust Act, 1882 where the author (owner) assigns the rights of the property to a trustee so that the beneficiary i.e. the third person can take benefit out of it. The trust is carried out by way of an instrument called trust deed which is formed on a non-judicial stamp paper as per the stamp rates of the different states.

Trust Deed is the core document which defines the reason for formation of trust, details of the author, trustee and the beneficiary. It lays down all the working and functioning of the trust until its closure. The trust deed is registered with the sub-registrar of the concerned jurisdiction.

Prospero Advisors will provide you all the necessary services and legal advice related to Trust registration. You may get in touch with our team on +91 992 040 0230 or email support@prosperoadvisors.in for all charitable trust related compliance.

Parties under Trust

Trustee: Trustee is a person who accepts the confidence for the creation of the trust

Author/Trustor: Trustor is a person who wants to transfer its property and reposes confidence on another for the creation of the trust.

Beneficiary: Beneficiary is a person who will be benefited from the trust in the near future.

Types of Trust

Private Trust: Private trust is for a closed group. In other words, the beneficiaries can be identified. For example: A trust created for the relatives and friends of the author.

Public Trust: It is a trust formed for public, religious or charitable purpose or both and includes a temple, or any religious or charitable institution and formed either for a religious or charitable purpose or for both.

1 For charitable and religious purpose

2 Simple & Secure Online Process

3 Affordable Price

4 Free Lifetime Consultations

5 Dedicated Professional

Have Any Question?

Feel free to ask us anything! We’re here to help and provide you with the information and guidance you seek. No question is too big or too small. Whether you’re a prospective client, an existing customer, or just someone curious about what we do, we welcome your inquiries.

Advantages of Trust Registration

Asset Protection

Trust registration safeguards your assets from risks like lawsuits, creditor claims, and financial downturns. Placing your assets in a trust can help reduce loss in unforeseen circumstances.

Tax Benefits

Trusts being non-profit entities are subject to many tax exemptions under the Income Tax Act. The exact provisions may vary based on the type of trust and jurisdiction of registration

Privacy & Confidentiality

Registering a trust provides a level of privacy and confidentiality. Unlike public entities, trusts are not required to disclose beneficiaries or details about the trust's activities publicly.

Succession Planning

Trusts are excellent tools for succession planning. By transferring assets into a trust, you can outline specific instructions for their distribution to beneficiaries.

Charitable Endeavors

Charitable trusts promote philanthropic endeavors to make a positive impact on society. You can enjoy tax benefits on your personal contributions to registered trusts.

Continuity and Perpetuity

Trusts can exist in perpetuity, allowing you to create a lasting legacy. Through trust registration, you can ensure the continuity of your objectives beyond your lifetime.

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FAQ

Frequently Asked Questions

Welcome to our Frequently Asked Questions (FAQs) section! If you have a question, chances are you’ll find the answer here. Explore the FAQs to make the most out of your experience with us. Can’t find what you’re looking for? Reach out to our support team for personalized assistance.

What is Trust?

A trust is a legal arrangement where a trustee holds and manages assets to benefit one or more beneficiaries. As specified in the trust deed, the trustee is responsible for administering the trust

What is Trust Registration?

Who can create trust in India?

Is registration of trust mandatory?

Which is better Trust or Society?

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Trust Registration

Overview of Trust Registration

Parties under Trust

Types of Trust

1

For charitable and religious purpose

2

Simple & Secure Online Process

3

Affordable Price

4

Free Lifetime Consultations

5

Dedicated Professional