Revocable Trust Services the flexible trust structure that keeps you in control.
Expert revocable trust advisory and deed drafting services in Mumbai and across India — revocable living trust setup, trust deed drafting with revocation provisions, asset transfer into the trust, trustee management, conversion to irrevocable trust, and income tax advisory for individuals, families, and NRIs using revocable trusts for estate planning.
A revocable trust — also called a living trust or inter vivos trust — is a trust in which the settlor retains the power to revoke, alter, or amend the trust and recover the assets settled into it during their lifetime. Unlike an irrevocable trust, a revocable trust does not remove the assets from the settlor's taxable estate — the income of the trust is taxed in the hands of the settlor under Section 61 of the Indian Trusts Act, and the trust assets form part of the settlor's estate for income tax purposes. However, a revocable trust offers significant practical advantages for succession planning, asset management, and control.
In India, the revocable trust is less commonly used than in jurisdictions like the United States (where the revocable living trust is the cornerstone of estate planning) because India does not have an estate tax, and a well-drafted Will can achieve many of the same succession objectives. Nevertheless, revocable trusts are used in India for managing assets on behalf of elderly or incapacitated settlors, for NRIs who want a structure to manage Indian assets during their lifetime with a seamless transition mechanism on death or incapacity, and as an interim structure before converting to an irrevocable trust.
Our revocable trust services cover eligibility and objective assessment, trust deed drafting with revocation, amendment, and settlor control provisions, trustee appointment and powers, asset transfer advisory, income tax implications under the IT Act for revocable trusts, comparison with Will and irrevocable trust alternatives, and advisory on converting the revocable trust to an irrevocable structure when the estate planning objective evolves.
Our Revocable Trust Services
Revocable Trust Structure Advisory
Assessment of revocable vs irrevocable vs Will-based succession and recommendation for the specific objective.
Trust Deed Drafting
Customised revocable trust deed with revocation clause, amendment provisions, and settlor control.
Trustee Appointment
Trustee appointment provisions, co-trustee arrangements, and successor trustee on settlor incapacity.
Asset Transfer Advisory
Advisory on transferring movable and immovable assets into the revocable trust.
Incapacity Planning
Provisions for trustee takeover of management on the settlor's incapacity or medical condition.
Income Tax Advisory
Tax treatment of revocable trust income — assessed in settlor's hands under the IT Act.
NRI Revocable Trust
Revocable trust for NRIs managing Indian property and investments with cross-border succession provisions.
Conversion to Irrevocable
Advisory and deed amendment for converting the revocable trust to an irrevocable trust structure.
Our Revocable Trust Setup Workflow
Objective Assessment
Understand the estate planning goal, assets, beneficiaries, and control requirements.
Structure Advisory
Compare revocable trust, Will, and irrevocable trust for the specific objective.
Deed Drafting
Draft the revocable trust deed with all control, amendment, and succession provisions.
Asset Transfer
Advise on transferring assets into the trust and documentation for each asset class.
Review & Evolution
Periodic review of the trust structure and advisory on conversion to irrevocable when appropriate.
Benefits of a Revocable Trust
Frequently Asked Questions
A revocable trust is a trust in which the settlor retains the power to revoke or amend the trust and recover the settled assets during their lifetime. It is used for estate planning, incapacity management, and succession — but does not remove assets from the settlor's taxable estate.
Under Section 61 of the Indian Trusts Act and the IT Act, the income of a revocable trust is taxed in the hands of the settlor — not the trust or the beneficiaries. Because the settlor retains control, the trust's income is treated as the settlor's own income for tax purposes.
A Will takes effect only after the testator's death and goes through the probate process. A revocable trust takes effect during the settlor's lifetime, provides for management during incapacity, and avoids probate on death — making the transfer of assets faster and more private.
Yes. A revocable trust can be made irrevocable by the settlor executing an amendment deed that removes the revocation clause. Once made irrevocable, the assets are permanently outside the settlor's estate — providing creditor protection but giving up the settlor's right to reclaim the assets.
A Will and a revocable trust serve different purposes. A Will only operates after death; a revocable trust also manages assets during incapacity. For NRIs or those with complex multi-asset estates, both instruments may be needed for complete estate planning coverage.
Set Up Your Revocable Trust
From structure advisory to deed drafting and asset transfer, our team creates a revocable trust that keeps you in control while protecting your succession plan.
Set Up My Revocable Trust or call +91 9819 000 511