Tag Archives: #FamilyAssets

Can HUF give gift to its members?

Gift

Can HUF give gift to its members Yes, a Hindu Undivided Family (HUF) can give gift to its members. As per the Hindu law, an HUF can make  of its ancestral or self-acquired property to its members. The are typically given by the karta (head) of the HUF on behalf of the family. However, it’s… Read More »

Are gst trusts revocable?

GST trusts revocable

  GST Trusts Revocable GST trusts revocable,GST trusts, alternatively referred to as GST trusts revocable, are distinct trusts design with the specific intent of facilitating estate planning and the transfer of wealth. These trusts are characterized by their irrevocable nature. These trusts are commonly use to minimize or avoid estate taxes and provide for the… Read More »