Trusts & NGO · Panaji, Goa
Carefully structured private trust setup in Goa under the Indian Trusts Act 1882 — for family wealth, succession and estate planning — with a precise deed, the right trustee and beneficiary structure, and clear advice on how the trust will be taxed.
Overview
A private trust lets you ring-fence assets for identified beneficiaries — children, dependants or family — and control how and when they benefit. Governed by the Indian Trusts Act 1882, it is a powerful tool for succession, protecting minors or vulnerable beneficiaries, and orderly transfer of wealth across generations.
The structure decides the tax: a trustee is assessed as a representative assessee, and where the beneficiaries' shares are determinate the income is taxed in their hands, while a discretionary trust can be taxed at the maximum marginal rate. We design the deed — determinate or discretionary, revocable or irrevocable — to fit your succession goals, and where you want the ability to amend, we structure a revocable trust.
What's covered
Private and family trusts built around your goals.
Get a fixed-fee quote →Structuring the trust for orderly transfer of family wealth.
A precise deed defining beneficiaries, shares and trustee powers.
Choosing the structure that fits control and tax goals.
Selecting and empowering trustees with proper safeguards.
Advising representative-assessee taxation and clubbing rules.
Documenting the transfer of assets into the trust correctly.
Our process
We map your family, assets and succession aims.
We choose determinate/discretionary and revocability.
We draft the deed and register it as needed.
We document the transfer of assets in.
Frequently asked questions
A private trust is created for the benefit of specific, identifiable persons — typically family members — rather than the public. Governed by the Indian Trusts Act 1882, it lets a settlor place assets with trustees to be managed and applied for the beneficiaries on the terms set out in the trust deed.
A private trust is used for succession and estate planning, protecting minor or vulnerable beneficiaries, consolidating and managing family assets, and ensuring an orderly, controlled transfer of wealth. It can avoid disputes and the delays of inheritance, which is why families increasingly use it.
A trustee is assessed as a representative assessee. Where the beneficiaries and their shares are determinate, the income is generally taxed as if received by the beneficiaries, whereas a discretionary trust — where shares are not fixed — can be taxed at the maximum marginal rate. We structure the trust with these consequences in mind.
In a determinate (specific) trust, the beneficiaries and their shares are fixed in the deed; in a discretionary trust, the trustees decide how much each beneficiary receives. The choice affects both control and taxation, and we recommend the one that fits your objectives.
A revocable trust lets the settlor retain control and amend or revoke it, but its income is taxed in the settlor's hands; an irrevocable trust gives up that control for a cleaner separation. We advise based on how much control you wish to keep and your tax goals.
Registration of the trust deed is mandatory where the trust holds immovable property, and is prudent in other cases for evidentiary value. We execute the deed on the correct stamp paper and register it with the Sub-Registrar.
Book a free consultation and share your assets and succession aims. We design the structure, draft the deed and document the asset transfer, on a transparent fee.
Related services
Book a free consultation with a qualified Chartered Accountant in Goa. We'll design and register a private trust around your goals — no obligation.