How can I ensure that my hard-earned wealth, including business assets, are ring-fenced from the fallout of a marital dispute? —Name withheld on request Though not fool proof, a prevalent practice adopted to prevent value erosion on account of formal separation is via a trust structure. As an effective tool of succession planning along with … Read more
What steps can I take to prevent common estate planning mistakes and ensure that assets are distributed appropriately? —Name withheld on request In estate planning, individuals can take proactive steps to avoid common mistakes and ensure their assets are distributed as intended. Updating beneficiaries is crucial to reflect life changes accurately. For instance, failing to … Read more
I have three sons, all of whom are married and have children. My eldest son and his family, who have been residing in the US, are now returning to India. The relations between all my family members are cordial. I now want to divide my estate (primarily my investments in listed stocks, mutual funds and … Read more