Estate Planning & Inheritance

Estate planning is the organization of an individual’s affairs in such a manner which ensures that the assets of the individual are properly managed and distributed in the event of his death or incapacitation.  Estate planning involves two broad aspects:

–  Planning of bequest of assets of the individual to this legal heirs / nominees

–    Establishment of a succession structure by way of a trust or other framework for management of the assets of the individual after his lifetime.

Devolvement of assets in accordance with testamentary or succession laws is inefficient – as it results in fragmentation of the family wealth, and dispute prone, as the contents of the will often come as a surprise to family members. 

Modern day promoters desire to keep the family wealth intact even after the lifetime of the leading members of their family members and institute a mechanism for ensuring smooth transition of power to the next generation.