Life insurance is outside of a will or trust, so you'll have to update your life insurance beneficiaries even if you update your will. A will or trust controls what happens to your assets ...
ITAT Ahmedabad held that the income of beneficiaries of trust cannot be treated as income in the hands of the trust. Accordingly, disallowance under section 143 (1) of the Income Tax Act not justified ...
A spendthrift trust allows you to leave funds to a beneficiary without giving full control over those funds. Instead, an independent trustee is given the authority to distribute funds for the ...