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ajay nahata   15 May 2021

LLP vs PRIVATE TRUST which is better,joint family fund properties are purchased in individual names

Namaskar, We are two brothers having movable and immovable properties in name of individual names of our wives ﹠ children names , now our both parents wants to make family settlement deed and wants to make create rights in each other properties , does it possible my making a family settlements only? all family members who has properties in their names will give their written consent/signature in this deed and it is accepted by all family members that they will gift it to a new Family LLP or Private Trust, after making it all revenues (by sale or by rentals) from their own properties will share to each member of family means both brother’s wives ﹠ childrens equally by making this family settlement deed or LLp or a private trust. Is it possible? Please give your valuable suggestions.

Thank you.

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