Private Family Trusts in India

INDORE, India - May 21, 2026 - PRLog -- NextGen Family Office Services LLP, a Chartered Accountant-led multi-family office advisory firm with offices in Delhi NCR and Indore, has published a comprehensive explainer on private family trusts in India — widely regarded as one of the most powerful yet consistently underutilised wealth planning tools available to India's HNI and UHNI families.

While private family trusts have long been used by India's largest and most sophisticated business families, they remain poorly understood and largely unavailable to most HNI families with investable assets between Rs 2 crore and Rs 500 crore. The article, authored by CA Ujjwal Sainani, Founding and Managing Partner of NextGen Family Office Services, is designed specifically to bridge that gap.

"A family trust is not merely a legal structure — it is arguably the most powerful tool available to Indian HNI families for managing, protecting, and transferring wealth across generations," said CA Ujjwal Sainani. "The tragedy is that most families who could genuinely benefit from this structure have never had it explained to them clearly. That is what this guide is designed to do."

The guide covers the complete structure of a private family trust, the key parties involved — settlor, trustees, and beneficiaries — and the critical difference between specific trusts and discretionary trusts. It outlines six major benefits in detail: continuity of wealth management across generations, protection from family disputes and legal challenges, creditor protection for business families facing entrepreneurial risk, significant tax efficiency through income distribution planning, privacy of family financial arrangements, and the ability to impose conditions on how wealth is distributed to beneficiaries. The guide also provides step-by-step guidance on setting up a private trust in India, including registration requirements, stamp duty implications, PAN registration, and the most common and costly mistakes families make when structuring trusts without proper professional guidance.

Full article and consultation: https://nextgenfamilyoffice.in