674+ Lawyers are online 
Why should I create a trust?
23-May-2023 (In Wills / Trusts Law)
What are the reasons for which a trust should be created?
A trust is an effective tool for the proper management and protection of property. Apart from executing a will, a trust is the only other manner in which a person can exercise control over his property after his death. A trust can provide several benefits as it segregates control of the property from its ownership. A trust provides ring fencing of wealth. A trust can safeguard property against future creditor claims on the assets in case of bankruptcy, since the creator of the trust ceases to have ownership over the trust property.
Helpful?
65+
65+
Adv. Siddhant Sharma
Delhi | 200+ Answers
Chat
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
Connect with top Wills / Trusts lawyers for your specific legal issue
No Comments! Be the first one to comment.
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."
