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Author Topic: Will an irrevocable trust protect inheritance from creditors?  (Read 338 times)

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Offline Businesowner

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Will an irrevocable trust protect inheritance from creditors?
« on: September 29, 2015, 05:14:22 AM »
I would like to protect my inheritance which is passed on generations after generations in India. The way the world is shrinking and people are migrating to other countries for jobs, make me to think that I need to protect my ancestral assets to myself and my children only- not going to some foreign creditor abroad. How do I do this?

Could I create a trust and disclaim interest in the principle in the trust?

Offline adv.amarnath

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  • Advocate Amarnath Sanyal from Kolkata, West Bengal
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Re: Will an irrevocable trust protect inheritance from creditors?
« Reply #1 on: September 29, 2015, 07:17:03 AM »
Either make a WILL or Deed of Gift in favour of you heirs. I you need any legal assistance or legal advice in details you can contact me.

If you like my post then please click on APPLAUD just right hand side of this post.
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Amarnath Sanyal
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Mob - 09830303322

 

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