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Will, gift deed, private trusts are some of the most commonly used methods that an individual can use to pass on the assets to his/her family members. There may be instances where will and/or gift deed does not suit the requirements for passing on the assets. Here an individual can compare between private trusts and Hindu Undivided Family to see if either one suits your requirements.
Hile a Will is the official document —with details of all the assets of the testator (person whose Will it is)—that specifies how their belongings will be distributed after their death, the creation of Trusts is the alternative method of asset transfer.
The process, if not thought through in a careful and logical way, could give you split heirs. Will, Trust or gift --each method has its own advantage. Choose the one that suits you the best - Issue Date: Oct 30, 2022
Stanbic IBTC Trustees, a subsidiary of Stanbic IBTC Holdings, has reiterated that setting up a Trust with the organisation ensures the seamless transfer of
Private trusts are trusts set up for performing different forms of securities trading that are accepted in the financial markets