Call for FREE NGO ConsultancyMobile: +91-7709342142
Phone: +91-9766622693
Email: info@trust-registration.in
Phone: +91-9766622693
Email: info@trust-registration.in
The payment deposited in our following ICIC Bank Accounts and intimation given us our phone, SMS, email:-
Ac Name : Aditya Consultancy
Bank’s Name : ICICI Bank
Account No. : 186705500528
A/C Type : Current A/C
Branch : Nandanwan, Nagpur
IFSC Code : ICIC0001867
(Payment should be made by CASH / DD / Cheque in favour of Aditya Consultancy Payable at NAGPUR)
FAMILY TRUSTS
Introduction
Family Trust is a conventional trust but is prepared with the principal parties being within a family.
The Main Types of Trusts
It is vital that the correct type of trust is provided for the client. Our questionnaire needs to be completed to aid in assessing your situation. This is generally followed by an interview with the client. The information sourced then enables us to specify the most advantageous type of trust. In terms of what purposes the family trust is involved with, the main types of family trusts are:
1) Traditional style of family trust (non-trading). Often described as ‘Passive Trust’
This type is normally used where an asset such as the family home and holiday home are transferred primarily for asset protection.
2) Traditional style of family trust (non trading and income producing) ‘Passive Trust’
Used to transfer income earning assets such as rental properties, share portfolios etc. and aim to protect assets and well as spread income to beneficiaries. These trusts can also be used to own assets which can be rented to a trading company. This assists with asset protection as the assets are separated from the trading company. It also assists with flowing income into the trust.