Why are rich Indians creating family trusts abroad? This report explains
Updated : December 13, 2019 02:31 PM IST
Indians are creating family trusts outside India hoping that they could get some insulation or asset protection in case of any loan default, said Sandeep Nerlekar
The newly-created trusts would make it difficult for the Indian authorities to access to the assets held outside the country.
Many families are also creating these trusts as part of tax planning.