[ad_1] With these numbers, India stands at the precipice of its largest intergenerational wealth transfer. Over the coming decades, trillions of rupees will shift hands as family businesses, assets, and investments transition from the first-generation wealth creators to their heirs. Yet, despite this seismic economic shift, most wealthy Indian families remain woefully unprepared. The absence…
[ad_1] I am a textile merchant and I want to plan my estate in a way that it protects my wife, parents, and daughter after my death. What are the different things I should look out for? Planning your estate ensures your assets are protected and your family’s future is secure. Here are key elements…
[ad_1] What legal steps can my family take if someone challenges my will? -Name withheld on request Drafting a will is a time-tested and widely used method of succession planning, enabling individuals to transfer their assets to chosen beneficiaries in a manner they deem fit. A will allows you to clearly define the distribution of…
[ad_1] To address such scenarios, the Securities and Exchange Board of India (Sebi) has rolled out revamped rules that allow nominees to manage the accounts of physically incapacitated investors without requiring a power of attorney (POA). Announced on 10 January, these rules aim to provide families with a financial safety net. However, experts warn of…
[ad_1] Preserving family wealth and ensuring business continuity across generations is intricate and involves legal, financial, and strategic considerations. Recent survey insights reveal a growing appreciation among affluent Indian families for the importance of this essential endeavour. Succession planning: An imperative Succession planning is not merely about deciding who inherits what; it is a multi-layered…
[ad_1] Securing our family’s future is topmost priority for most of us. Alongside taking insurance policies and making investments, there is a crucial step in this—estate and succession planning to ensure our family inherits our assets without delays, hardship, or confusion. Yet, this aspect is often neglected due to the anxiety and discomfort arising from…
[ad_1] MUMBAI : Raj went through a divorce five years ago and is now remarried to Anita (who is also divorced from her husband). Raj has two children from his previous marriage and one from his new marriage. Anita has one child from her previous marriage as well. Raj hasn’t formally adopted the child of…
[ad_1] Family charters, also known as family constitutions, serve as a fundamental document for governing family-owned businesses to ensure smooth succession across generations. These charters are crafted by promoter families to codify values, set guidelines, and provide a roadmap for future business continuity which can ultimately help in keeping family harmony. In this article, we…
[ad_1] Ortberg seems to check all the boxes: a company outsider untainted by past Boeing scandals, industry experience, a background in mechanical engineering, and, perhaps most important to the board and Wall Street, he’s been a CEO before. He ran Rockwell Collins, a maker of cockpit controls, beginning in 2013 and sold it to what…
