Succession through Private Trust—Legal, Tax and Regulatory Aspects

Succession through Private Trust — Legal, Tax and Regulatory Aspects is a comprehensive guide designed to address the growing need for structured succession and estate planning in India. The book explains how private trusts can be effectively used as instruments for intergenerational transfer of wealth, asset protection, and family governance. It provides in-depth coverage of the legal framework governing private trusts, including their formation, administration, rights and duties of trustees, and beneficiary interests. The book also examines the tax treatment of private trusts under income tax and allied laws, highlighting planning opportunities as well as potential pitfalls. In addition, the work discusses regulatory and compliance considerations, ensuring that trust structures remain robust, lawful, and sustainable over time. By integrating legal clarity with tax and regulatory insight, the book enables professionals and families to design succession plans that are efficient, compliant, and future-ready.