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Estate Planning can be a sensitive matter for most individuals and it becomes even more complex if you are a high or ultra-high-net-worth individual (HNI or UHNI) with a wide array of assets involved in your investment strategy. Your wealth isn’t just about your assets and liabilities but the legacy that you leave behind and that you will always be remembered by.
Welcome to Anand Rathi Preferred, where we make will and Estate Planning a simplified experience with attention to the finest details. Our expert-led teams consider every minor detail for dispute-free transmission, protect the inheritances for your heirs, and create a seamless succession experience.
Estate Planning is a detailed process in which you determine how your assets and liabilities will be managed in the event of your passing or incapacity.
The planning ensures that your assets are managed according to your wishes, all financial and legal arrangements have been made, and your heirs don’t have to undergo the burden of dealing with an unplanned estate or unforeseen inheritance disputes.
Estate Planning in India is an undervalued service, as many individuals still don’t understand its potential. However, it is of utmost importance for you, as an HNI or UHNI with a large estate, to ensure that everything you have built throughout your life remains intact with your family. Here are some of its significant benefits.
The primary purpose of Estate Planning is to protect your beneficiaries and support them in sailing through in your absence. Proper planning will leave no room for ambiguity, clearly specifying who gets what, especially if the beneficiaries are minors.
Also, Estate Planning is helpful when there are disputed properties that need accounting, or there is a chance of an inheritance dispute.
By carefully planning your estate and will, you can make sure that everything and everyone that matters to you is taken care of even when you can’t. You get the chance to choose how your assets should be inherited, how your minor children or other family members should be taken care of, and how your liabilities should be handled.
It can also include family heirlooms, digital assets such as social media accounts and other online property, personal effects, and more.
It is a careful process that requires attention to detail and an expert’s eye to handle matters efficiently. Here is what the process looks like:
Once you hire an Estate Planning attorney, they start by analyzing all your assets and liabilities. It will include your liquid assets, sources of income, properties, investments, businesses, insurance, and all your personal belongings. The attorney will also take into account your outstanding debts, mortgages, and other liabilities.
In simpler words, they make an account of everything that you own and owe to determine the value of your estate and the further steps. At this step, it is crucial to have all the necessary documents, such as your property deeds, bank statements, etc.
It is now time to determine all the people who will get a share in your estate and their financial requirements and goals. You can include your spouse, children, pets, close family members, and even trusts or charitable organizations.
The attorney will then help you decide on the type of care and plans that will be suitable for each beneficiary. For example, the provision of care for pets and aging parents, education plans and guardianship for minors, etc.
Choosing how you want your assets and estate to be divided among your heirs, including any special bequests, is the next stage in Estate Planning. You can also specify the procedure and who will handle your affairs in the event of incapacity.
The estate plan is built with your values, ambitions, and family vision in mind. This procedure aids attorneys in creating plans to reduce taxes and guarantee a seamless distribution of assets to your beneficiaries.
There are three primary ways to set up an estate plan in India. You can create a will, which also includes an online will and testament, a trust, or a family limited liability company (LLC). Depending on what is in the best interest of your beneficiaries, you can also consider setting up insurance, designating nominees for your assets, and granting powers of attorney for financial or healthcare decisions.
Once all the objectives have been set, the attorney proceeds to document everything and create the necessary legal documents that also comply with Indian laws. The documents will specify the beneficiaries, the transmission processes, tax liabilities, the appointment of attorneys, etc. A good estate planner ensures that the legal documents are unambiguous and explicitly state the process.
Estate Planning is a continuous process that takes into consideration all the significant changes in your life and Indian laws. It will help you make arrangements for events like marriage, divorce, childbirth, or any financial changes. Periodic reviews reflect how your estate plan is performing and its alignment with your current goals and objectives.
Anand Rathi Preferred is not just a team of legal and financial experts but a group of seasoned professionals who understand the needs of HNIs. Here are some reasons that set our Estate Planning services apart from others:
Here’s why we stand out:
Anand Rathi Preferred employs highly trained relationship managers who can understand your legacy and vision. The managers closely work with you at every step to create a plan that honours your wishes and offers a seamless experience of transmission for your loved ones.
With our years of experience, we are committed to creating an estate plan that will minimise the cost of the bequest with reduced taxes and strategic planning. We take a holistic approach to cover the entire process.
Anand Rathi Preferred is specially designed to cater to HNI needs. In other words, we understand the complexities associated with large Estate Planning and intricate legal processes. With dedicated relationship... Anand Rathi Preferred is specially designed to cater to HNI needs. In other words, we understand the complexities associated with large Estate Planning and intricate legal processes. With dedicated relationship managers, strict confidentiality, and personalized one-on-one guidance, the process is seamless, ensuring that every detail is accounted for. See More
The legacy of the Anand Rathi Group extends for decades, and it has helped to solidify our relationship with numerous esteemed clients like you. By helping you plan your personal wealth, estate, and even investments, we ensure holistic care of all your financial needs in one... The legacy of the Anand Rathi Group extends for decades, and it has helped to solidify our relationship with numerous esteemed clients like you. By helping you plan your personal wealth, estate, and even investments, we ensure holistic care of all your financial needs in one place. Our innovative technology is at par with global standards for international Estate Planning and cross-border expertise. See More
Here are some important documents you require for meticulous Estate Planning:
Legal documents that prove the ownership of your assets, including bank statements, property deeds, insurance policies, etc.
A will to honour your wishes post your demise.
A letter of guardianship for your minor children and dependents.
A springing, durable power of attorney to manage your affairs in case of incapacity.
A living will or healthcare directive specifying your medical treatment and care in case of any medical setbacks.
What Our Customer Has to Say About Us
Dr. Divye Chhabra
We would like to express
our thanks for the work you have done for us over the past years. The expertise and
attention to detail with which you have handled our financial affairs could not be
faulted. Particularly reassuring to us is our feeling of certainty in the absolute
integrity of your dealings with us. Your continual advice on financial planning issues
has saved us significant amounts of money. May you prosper, along with your clients.
Mr Manmohan Nagalia
I have been a client of
Anand Rathi since 2010 and would highly recommend their services. They have assisted me
with my complex financial structures and I have been more than happy with the results. I
have recommended a number of my friends and family to Anand Rathi and they also are very
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This is what financial advisors should do! I have never had this kind of experience in
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Retd. Brgd Om Pal Singh Chauhan
I am
absolutely delighted with your service. It is really refreshing to work with a financial
adviser who is truly interested in their client’s needs, circumstances and preferences.
What really impressed me was the way you took the time to get a feeling for where I was
at, your depth of knowledge, lateral thinking and your common sense approach. Your
professional, ethical and caring demeanor elicits my trust and respect and I gladly
recommend your services whenever possible.
Laxmi Singh & Pragati Singh
Just wanted to
thank you for all the excellent service and help in planning our investments. Couple of
things that worked well for us are your Prompt service, Quick resolution, faster
response TAT and Excellent advisory services suited to our risk appetite. Both I and my
husband have had a great experience in the last 2 years and we feel assured that our
life savings is in good hands. Keep up the good work and keep rocking
