What Are the Key Differences Between a Will and a Trust in India?" 🏠💼 Client’s Query: "I’m planning for the future. Should I create a will or a trust for my assets? What’s the difference between the two?" 📌 Top Keywords : Will vs Trust, Estate planning India, Inheritance laws, Property transfer, #EstatePlanning #WillAndTrust #IndianLaw The Answer (Here’s the Breakdown!): Both a will and a trust help in transferring assets after your death, but they work in different ways. Here’s the essential guide to understanding them: 1️⃣ A Will 📝 Function : A will outlines how your assets should be distributed after your death. Activation : It only comes into play after your passing, and it goes through the probate process. Flexibility : You can change or cancel your will at any time while you’re alive. Major Pro : Simpler and more cost-effective to set up. #WillMaking #EstateDistribution #ProbateProcess 2️⃣ A Trust 🏦 Function : A trust holds assets during your lifetime an...
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