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Purpose Focused Financial Planning
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Will & Estate Planning
   
 
Plan Well For Them
Business Standard,
26 April 2009
 
 
 

Estate Planning is the process of distribution of your assets to your next generation. It has been witnessed that more than 95% of wealthy Indian families do not even have a basic Will in place.

A lot of time is spent acquiring assets with seldom any time or thought given to succession planning or distribution of assets should something happen to the key family members today.

Some of the key concerns of affluent families that we have come across are

  • How should we prepare our heirs to manage wealth so that it’s a force for good in their lives?
  • What kind of estate planning must we do to successfully transition not only our family wealth but also our family values to our next generation?

Even most of those who have done basic estate planning and transferred wealth to the next generation were unable to guarantee wealth beyond the next generation. Almost 70% of wealth transitions have failed.

Thus it is extremely important to do a solid estate planning exercise
 
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