GIFT City FundsBanks want a legal heir certificate. Relatives say there is a WhatsApp chart. The statute only asks whether the decedent left a valid will. If the answer..
Category: Estate and Succession Planning
Estate planning in India is about making sure your assets reach the people you intend, with as little delay, cost and family conflict as possible. It matters for everyone, and even more for NRIs whose assets and heirs may sit in different countries.
This category explains the main tools and rules. You will find a practical guide to estate planning costs, wills and digital platforms; an explainer on testamentary succession under Hindu law and the Indian Succession Act; and guides to family trusts, living trusts and revocable living trusts, including how they compare with a will and how they are taxed. We also cover HUF coparceners and the rights of daughters and wives. Each article sets out what the law says in plain language, along with the documents you are likely to need.
Wealth Munshi, an AMFI-registered mutual fund distributor (ARN 141775) based in Hyderabad, helps families organise nominations and plan transfers through our succession planning service, with support on NRI legal matters and Married Women’s Property Act policies.
This content is general information, not legal advice. Please consult a qualified lawyer before drafting a will or trust deed.
Estate Planning for Indians Abroad: NRI Wills & Assets
Singapore salary account, Pune flat not in same probate court. This division is what estate planning for indians abroad is all about. The plan must work in..
Coparceners in HUF: Daughter, Wife & Rights
An HUF is bigger than the group that can enforce a partition of ancestral property. The coparcenary is the smallest group. That confusion between those two circles..
Family Trust in India: Creation, Deed & Tax Rules
A will speaks after death.” A trust can hold and manage assets during the family’s lifetime. This difference is the reason why the searches for family trust..
Testamentary Succession: Will, Hindu Law & ISA Guide
Property will not wait for a family gathering. The law already has an answer when a person dies: the will speaks or the statute speaks. That fork..
Estate Planning India: Costs, Wills, Digital Platforms and How to Choose Services
Most Indian families delay estate planning until they are forced to deal with it as a crisis. The result is evident in the large number of unclaimed..
Living Trust in India: How It Works, Will Comparison and Practical Creation Guide
Living Trust is a term that many Indian families come across in the overseas context, especially in the US. The functional equivalent in India is an inter..
Revocable Living Trust India: Practical Guide to Private Trusts under the Indian Trusts Act
Trusts are emerging as a preferred option for Indian families for succession planning over wills. The term ‘revocable living trust’ is borrowed from common law jurisdictions, but..