A Trustee is trusted for holding a fiduciary responsibility in managing the affairs of the trust. So appointing trustees become a critical role in the formation of a trust. Parents who wish to create a trust for special needs child care generally look...
When you have a special needs childcare there is a concern of providing for the child life long care irrespective of what happens in your life. Considering the high ingoing expenses involved in childcare there are numerous uncertainties of life which can arise.
Forming a private trust for your special needs child is the long-lasting solution. But the most difficult aspects parents have to address is finding a reliable trustee. Mostly the next trustee after parents is one among the family members. But that’s not enough....
In India, private trust covers the structure of creating a secure future for a special needs dependent. Through the private trust, the parents can choose to manage the child affairs as they wish to. It also ensures that the legacy left for the...
The concept of trust is a 3 tier structure- There is a settlor who creates the trust, there is a trustee who manages the trust and there is the beneficiary who benefit from the trust. When a trust is created the rules are...
Finally, on 9th March 2018, honorable Supreme Court has allowed Living Will in India. Though it may be with too many conditions but it’s a beginning which has been made. It’s a coincidence that only a few days back I had a conversation...
For special needs child life time care creating a special child trust is the most viable option for the families. A trust is considered to be an effective estate planning tool when wealth has to be preserved for future generations. With a disabled...
A well-written Will resolve many issues of succession planning. Without one, there are higher probabilities of disputes in distribution. The need for a Will is even more important for families with special needs children. Besides wealth distribution, the Will needs to address different...
A special child trust in India is an important estate planning tool for special needs children families. Being a separate legal entity the trust has many advantages for securing the child future. The primary benefit of this trust rest on the ownership of assets. Once...
Estate Planning is an important element in ones financial plan. Without making provisions for clear distribution of your estate when you are no more, no financial plan can be said to complete. But it may be easier said than done. There are succession...