A trust can be created by execution of a trust deed; there are two types of trust. A public trust (charitable trust) is created for the benefit of the general public whereas a private trust is created for the benefit of a particular group of individuals known as the beneficiary.
A trust is traditionally used for minimizing estate taxes and can offer other benefits as part of a well-crafted estate plan. A trust is a fiduciary arrangement that allows a third party, or trustee, to hold assets on behalf of a beneficiary or beneficiaries.
Generally, the Trust is registered at the Registrar office of the state/ area under whose jurisdiction the official address of the Trust comes. However, please note that the office address of the Trust is not counted among the Trust’s property.
Registration of a trust is not compulsory if a private Trust declared by a WILL even if it involves immovable property. In case of Public Trust, whether in relation to movable property or an immovable property and whether created under a WILL or inter vivos, registration is optional.