Estate & Succession Planning

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Asset Protection Trust – Pragyan Article 11

“प्रज्ञान” Means of Wisdom ASSET PROTECTION TRUST Ringfence your Assets – Create Asset Protection Trust An asset protection trust is a vehicle created to preserve wealth by insulating assets against unanticipated risks. The Settlor settles the trust beyond the reach…

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Mitigating complexities while writing a Will for NRI – Pragyan Article 10

“प्रज्ञान” Means of Wisdom “Mitigating complexities while writing a Will for NRI.” Life is uncertain and the only thing certain in life is change and its end. We accept life’s uncertainties & related risk but, yet we tend…

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Why do I need an Estate Plan? – Pragyan Article 8

“प्रज्ञान” Means of Wisdom I have a Nuclear Family… Why do I need an Estate Plan? Why do I need an Estate Plan??? I have a nuclear family, my wife is the nominee, there is no question of dispute or…

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Do I still need a Will? – Pragyan Article 9

“प्रज्ञान” Means of Wisdom I have a nomination in place I hold assets in joint name, Do I still need a Will? Anybody who owns an asset should get nomination done for all the assets and this should not…

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My Family members won’t fight, I don’t need to write a Will – Pragyan Article 5

“प्रज्ञान” Means of Wisdom My Family members won’t fight, I don’t need to write a Will Being optimistic is great but being overly optimistic may blind your vision and not let you look at contingencies. Everyone loves their family and…

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Can I change my Will? – Pragyan Article 6

“प्रज्ञान” Means of Wisdom Can I change my Will? Let us start this article with a story. Story of an old man who couldn’t hear properly. There once lived an old man in a town who was rich, successful…

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Estate Planning for Families with Differently Abled Members -Pragyan Article 7

“प्रज्ञान” Means of Wisdom Estate Planning for Families with Differently Abled Members Differently abled children are largely dependent on their parents through their lifespan.

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What’s the Rush to write my Will? – Pragyan Article 4

“प्रज्ञान” Means of Wisdom I am too Young… I am not dying so Soon… I am not that Old…. Most of us live in a myth that I don’t need estate plan or write a will so early in life,…

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Timely succession & Estate Planning is a key to hassle free future for you and your Family – Pragyan Article 3

“प्रज्ञान” Means of Wisdom In the earlier Pragyaan we explained you about Will, in this part we will take you through Trusts Timely succession & Estate Planning is a key to hassle free future for you and your Family …

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What does Estate Planning Encompass?- Pragyan Article 2

“प्रज्ञान” Means of Wisdom In the earlier Pragyaan we took you through the basics of Estate Planning and briefly discussed about its methods. In this edition, we will take you through the tools of Estate Planning. “In spite of all…

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What is Estate Planning? – Pragyan Article 1

“ प्रज्ञान ” Means of Wisdom Wealth creation is a collective effort by an individual/individuals, sometimes over a few generations for the well being and continuity of their family. To create a seamless passage of legacy to the future generations…

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Changing a WILL – is it allowed?

Changing a WILL – bursting the myths Is changing a WILL allowed? This is a very common question I’m asked. And before I answer it, let me narrate a short story. Once upon a time, there lived an old man with…

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The Singhania episode – Succession Planning 101

Succession Planning – The Singhania story The recent fallout between father and son – Vijaypat and Gautam Singhania is a classic case of lack of well-structured estate and succession planning. (See the full story below) Vijaypat Singhania says son Gautam has…

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WILL Management – Why do I need it?

Life after Death – Will Management None of us really like to think about our own death or events that might unfold after we cease to exist. We often forget that life is full of uncertainties and forget the importance…

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Let us break some Myths about writing a WILL.

I’m too young to be writing a WILL Most of us live in a bubble and believe that we don’t need to write a will or take active measures towards estate planning “early in life” and we assume it is an…

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Why write a WILL – My family won’t fight!

Why do I need to write a WILL – Its my family! Being optimistic is great but being blind – not so much. Everyone is emotional about their family, everybody hopes that nothing wrong should happen to them, everyone prays…

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