In the rush of earning a decent income to fulfill the various dreams, people forget that it is equally important to have a succession plan in place. A good estate plan helps in the financial transition going in a smooth way and with least hiccups.
ot of times, it happens that due to lack of clarity on the laws and regulations in India, NRIs end up copy pasting the drafts available on the Internet and using it for creating their estate planning documents. The mistake is realised when they receive a tax notice or there is a dispute within the family.
It is here that I come into the picture.
I can advise you on the right vehicles to plan your estate. This vehicle can be will, gift, trust, or other methods. I can tell you the pros and cons of each method so that you can take a more informed decision.
I can also help you implement your estate plan either by myself or by taking help of legal professionals.
I can also vet the documents from a legal perspective and suggest certain pointers that you might have missed. Some of the documents you can get it reviewed from me are as follows:
- Property Sale/Purchase Deed
- Power of Attorney Document
- Gift Deed
- Loan Agreement
- HUF Deed
- Memorandum of Understanding
- Trust Deed (Private/Family Trust Only)