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Gift deed: Transfer assets during your lifetime
A gift deed is a legal document that allows a person to voluntarily transfer movable or immovable assets to another person without any consideration.
2/7
Private family trust: Manage wealth for chosen beneficiaries
A private family trust allows individuals to transfer assets to a legal entity that is managed by a trustee for the benefit of specific individuals.
3/7
Settlement deed: Family agreement on asset distribution
A settlement deed is a legal document through which family members mutually agree on how assets will be distributed among them.
4/7
Will: Decide who gets your assets after your death
A will is a legal document that specifies how a person’s assets should be distributed among beneficiaries after their demise.
5/7
Testamentary trust: A trust created through a will
A testamentary trust is a private trust created through a will that comes into effect only after the individual’s death.
6/7
Succession laws: When there is no will
If a person dies without leaving a will, succession laws determine how the assets will be distributed among legal heirs.
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Joint ownership with survivorship: Automatic transfer
When assets are held jointly with a survivorship clause, ownership automatically passes to the surviving joint owner after the death of one owner.
(Text: ET Wealth Edition November 2025)
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