Create a family trust

One of the best pieces of advice I ever received was to create a family trust. In fact, this topic came up in several discussions with family and friends. The rationale I was given was that setting up a trust would separate my family’s finances from that of my company. This would also protect the interests of both. I went ahead with this advice and am extremely satisfied with the results.

- As told to KAMYA JAISWAL

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Kishore Biyani

MD, Pantaloon Retail