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Ring-fence your wealth from creditors by setting up wills and trusts

It is a versatile instrument suited for the wealthy, but it must be drafted carefully

Topics
Will | Trusts | wealth

Bindisha Sarang 



Will, trust
Wills and trusts are two instruments which ensure that assets are passed down to a person’s heirs according to their wishes.

According to media reports, the late billionaire investor Rakesh Jhunjhunwala set up separate for his three children and appointed his spouse, a few close relatives, and a couple of his long-term associates as trustees. Wills and 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

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