I According to the Indian Succession Act, the ‘Will’ is a legal wish of the person writing it, of how he wants his property to be distributed after his death. A will is a document made by a testator (a person making a will) before his death, where he expresses how he wishes his property to be distributed after his death.
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A trust is formed for various purposes and can prove to be an effective vehicle for succession Fand estate planning. Trust is a concept which generally features around the author, the trustee and the beneficiary/beneficiaries having rights and obligations assigned to each of them. There are many advantages to creating a trust such as protection of wealth, welfare of family members, succession of property and much more. If the trust is formed with all the required legal procedures then it is an impregnable fortress. The instrument creating the trust is termed as a deed of trust.
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