Trusts & NGO · Panaji, Goa
Specialist revocable trust services in Goa — settlor-controlled trusts for estate and succession planning where you keep the power to amend or revoke — with a precise deed and clear advice on the income-tax consequences of revocability.
Overview
A revocable trust lets the settlor retain control — to amend the terms, change beneficiaries, or take the assets back — making it a flexible tool for estate planning, managing assets during your lifetime, and arranging a smooth succession without losing command of the property.
Flexibility has a tax cost: under the Income-tax Act, income from a revocable transfer is taxed in the settlor's hands (Section 61), so a revocable trust does not separate income for tax. We design the deed to match your control and succession aims, explain exactly how the income will be taxed, and compare it with an irrevocable structure or a private family trust so you choose with open eyes.
What's covered
Settlor-controlled trusts done with clear tax advice.
Get a fixed-fee quote →Using a revocable trust for lifetime control and succession.
Drafting revocation, amendment and beneficiary-change powers.
Structuring trustee powers while you retain command.
Explaining Section 61 clubbing of revocable-trust income.
Comparing the two so you pick the right one.
Moving to an irrevocable structure when goals change.
Our process
We map your control and succession objectives.
We draft revocation and amendment powers.
We set out the clubbing consequences clearly.
We register the deed and document assets in.
Frequently asked questions
A revocable trust is one that the settlor can amend or revoke, retaining control over the assets and the ability to change beneficiaries or take the property back. It is used in estate planning where the settlor wants flexibility and command during their lifetime.
Under Section 61 of the Income-tax Act, all income arising from a revocable transfer of assets is taxed in the hands of the transferor — the settlor. So a revocable trust does not separate income for tax purposes, and we make this consequence clear before you choose it.
The main advantage is control and flexibility — the settlor can adapt the trust as circumstances change, manage assets during their lifetime, and arrange an orderly succession, all without permanently parting with the property. It is well suited to evolving family situations.
An irrevocable trust cannot generally be amended or revoked once created, giving a cleaner separation of assets and a different tax treatment, whereas a revocable trust keeps control with the settlor but taxes the income in the settlor's hands. We compare the two against your priorities.
Yes. Depending on how the deed is drafted, a revocable trust can be converted to an irrevocable one when your objectives shift — for example, once succession is settled. We build the flexibility in and handle the change when needed.
No. Public charitable trusts are generally irrevocable, because charitable property is meant to be permanently dedicated to the cause. Revocable trusts are a private, family and estate-planning tool, not a charitable vehicle.
Book a free consultation and share your estate-planning goals. We design the deed, explain the tax position and register and fund the trust, on a transparent fee.
Related services
Book a free consultation with a qualified Chartered Accountant in Goa. We'll design a revocable trust and explain the tax clearly — no obligation.