Trust
A trust is a legal relationship where one person, called the trustee, holds property or assets for the benefit of another person, called the beneficiary. The application of trusts could be in many spheres, from charitable, religious, and educational institutions to even personal purposes such as the protection of assets or a form of estate planning. The registration of any trust provides it with legal status and thus allows the said trust to function within the ambit of defined law.
Types of Trusts
1. Public Trust
Public trusts are for the benefit of the general public. These usually are established for charitable, religious, or educational purposes. The two most prevalent types of public trusts in India are charitable and religious trusts.
2. Private Trust
A private trust involves trusts created in favor of individuals, families, or certain persons. Its application finds its ways into many matters of family management and protection, creating financial securities, estate planning, among others. Here, the beneficiaries of a private trust are usually specific known persons to the settlor. In this regard:
Trust Registration Process
- Naming the Trust
- Preparation of the Trust Deed
- Filing the Trust Deed before the Sub-Registrar
- Verification and Approval
- Get PAN and TAN
Documents Required for Trust Registration
- For Trustees, Author, and Witnesses:
- PAN card
- Aadhaar card
- Passport-size photograph
- Email ID and mobile numbers
- Address Proof
- Trust Deed
Benefits of Registration of Trust
- Legal Existence
- Tax Benefits
- Protection of Assets
- Credibility and Transparency
- Succession Planning
Why Choose YKG Global for Registration of Trust?
Expert Consultation: Our team of experienced professionals offers personalized consultation that guides you properly to make the right decisions for your business.
Competitive Pricing: We ensure that our pricing is transparent, with no hidden charges, so that you receive true value for money.
Fast and Smooth Process: Our seamless processes ensure that your trust gets registered within the timeline.
