Property Verification Form

Living Trust

A Living Trust is a legal setup that helps manage your assets during your life and makes it easier for them to pass on to your chosen beneficiaries after the person dies.

Property Verification Form

It allows you to keep control of your property, avoid the probate process, and keep your affairs private. You can include various assets like real estate, bank accounts, investments, business interests, and personal belongings. In India, Living Trusts are regulated by the Indian Trusts Act of 1882.

It includes the trust deed, powers and duties of a trustee, and other important information. Draft and register your trust deed with our expert lawyer today!

How Does This Service Work?

  • 1

    Schedule a call with a lawyer

    Step

  • 2

    We will draft the deed for you

    Step

  • 3

    Appointment schedule for registration

    Step

  • 4

    The Deed has successfully registered in the sub-registrar office

    Step

If you need any help, feel free to reach out at

support@legalverifier.com

    What are the contents included in the living trust?

  • Trust Title: The official name assigned to the Living Trust.

  • Creator’s Details: Information about the person establishing the trust.

  • Trustee Information: Details about the person or institution managing the trust.

  • Beneficiary List: Names and information of those who will benefit from the trust.

  • Asset Inventory: Comprehensive list and details of the assets and properties held in the trust.

  • Purpose of the Trust: The goals and reasons for setting up the trust.

  • Management Guidelines: Rules and procedures for overseeing and distributing the trust assets.

What are the benefits of registering a living trust?

  • Avoidance of Probate: Assets in a registered Living Trust don’t have to go through probate. This means they can be passed on to beneficiaries more quickly and easily.

  • Privacy Protection: A Living Trust is private, unlike a will. This means the details of your estate stay confidential.

  • Continued Management: If you can't manage your assets, the trustee can handle them for you without needing to go to court.

  • Estate Planning Flexibility: You can decide exactly how and when your assets are given to your beneficiaries.

  • Reduced Legal Challenges: A Living Trust helps keep things clear and organized, which can lower the chance of disputes between beneficiaries.

  • Control Over Asset Distribution: You can set exact rules for how and when your assets are given out. This helps handle complex family situations or special wishes.

What are the requirements for drafting a living trust?

  • Trust Deed Creation: The formal document outlining the terms, structure, objective, trustee, beneficiaries and other important things of the trust.

  • Verification Documents: Identification and address proof for both the settlor and trustees such as Aadhar, PAN, Voter etc.

  • Photographic Identification: Passport-sized photos of the settler and trustees.

  • Affidavit of Agreement: A formal declaration by the settlor and trustees affirming their roles and intentions.

  • Asset Documentation: Proof of the assets being transferred into the trust.

  • Registration Fee Payment: Proof of payment for registration and stamp duty fee.

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  • Get 30 min talk with a lawyer

  • Trust Deed Preparation

  • Stamp duty execution

  • Support in the registration process

Why Should You Choose Us?

  • Senior Expert Lawyer:

    We have a dedicated team of expert lawyers who take care of every detail in a legal document draft. You can also track the progress of the document on our platform.

  • Smooth Delivery Process:

    Whenever needed, you can contact us directly. We’ll ensure everything is clear and that everything is delivered on time.

  • Fast and easy:

    The agreement draft will be delivered within 3 working days.

  • Secure:

    Our top priority is to ensure that your information and documents shared with lawyers remain 100% confidential and secure.

Frequently Asked Questions (FAQ’s)

A Living Trust is a setup where you put your assets into a trust while you’re still alive. A trustee manages these assets and gives them out based on your instructions. It helps manage your assets now and makes sure they’re handled the way you want later.

The first draft will be delivered within 2 working days from the time we start working on it.

You can reach out to us at support@legalverifier.com. Our team will assist you with any queries or issues you may have.

Yes, our services are available all over the country, serving clients in every state and territory, from cities to rural areas.