Revocable Trust Services — Flexible by design.
Formation and advisory on revocable trusts, where the settlor retains the power to revoke or amend — with the tax consequences of that retained power set out before anything is settled.
Book Free ConsultationA revocable trust is one the settlor can bring to an end or alter. That flexibility is the entire point: it suits families who want a structure in place but are not ready to give up control over assets permanently.
N D Savla & Associates advises settlors in Nashik and across Maharashtra on revocable arrangements — drafting the deed, defining the retained powers precisely, and analysing how income will be taxed while the power of revocation exists.
The trade-off has to be understood at the outset. Retained power generally means the income continues to be taxed in the settlor's hands and the asset protection benefit is limited. Flexibility is bought at a price, and that price should be quantified before the deed is signed.
Our Revocable Trust Services Services
Suitability Assessment
Assessment of whether a revocable arrangement fits the settlor's objectives.
Deed Drafting
Drafting the deed with the power of revocation and amendment defined precisely.
Retained Powers Definition
Setting out exactly which powers the settlor retains and which pass to trustees.
Tax Consequence Analysis
Analysis of how income is taxed while the power of revocation subsists.
Asset Settlement
Documentation for settling assets and recording them in the trust's books.
Revocation Mechanics
The procedure and documentation for exercising the power of revocation.
Conversion Advisory
Advice on moving to an irrevocable arrangement at a later stage.
Administration Support
Books, returns and the record keeping the trustees must maintain.
Our Process
Objective Review
The settlor's objectives and appetite for retained control are established.
Structure & Tax
The structure is designed and the tax consequences of retention are quantified.
Drafting
The deed is drafted with retained powers and revocation mechanics set out.
Execution & Settlement
The deed is executed and registered and the assets are settled.
Administration
Accounts, tax filings and the annual cycle are established.
Why It Matters
Frequently Asked Questions
Want flexibility without losing control?
We'll set out what a retained power costs in tax terms before you decide how to draft it.
