![](https://ichef.bbci.co.uk/news/1024/branded_news/176E5/production/_132037959_gettyimages-874851174-1.jpg)
“Close to 96% of the net worth of the promoters of India’s wealthiest families is parked in trusts,” said Rishabh Shroff, partner at Cyril Amarchand Mangaldas, a Mumbai law firm. “These structures are increasingly attractive to wealthy business families, to shield their assets and insulate their businesses from insolvency, family or creditor disputes.”