It is a versatile instrument suited for the wealthy, but it must be drafted carefully
According to media reports, the late billionaire investor Rakesh Jhunjhunwala set up separate trusts for his three children and appointed his spouse, a few close relatives, and a couple of his long-term associates as trustees. Wills and trusts are two instruments which ensure that assets are passed down to a person’s heirs according to their wishes.
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First Published: Wed, August 31 2022. 00:21 IST
