Estate Plan Query News Today

Any lapse may result in an undesirable scenario where both you as well as his children will be deprived of a majority of his assets.

An executor is the legal representative appointed in the will for all purposes of a deceased person (testator) to carry out the instructions contained in the will.

When using a private trust in India, it is not unusual for the trustee to also be a beneficiary of such trust. There is no embargo under the Indian Trusts Act, 1882, which prohibits an individual to be a trustee as well as beneficiary.