Wealth Transfer
What is wealth transfer?
Wealth transfer is how your money and assets pass to the next generation, through gifts during your lifetime, investments in their names, life insurance payouts, nominations and your will.
Planning it means your family receives what you intend, at the right time, with as little cost and delay as possible.
This page is general information, not legal or tax advice. Wills, trusts and succession arrangements should be prepared with a qualified lawyer; we work alongside your lawyer and chartered accountant.
The risk wealth transfer addresses
Without a plan, wealth can be delayed, reduced by avoidable costs, or divided in ways you did not intend. A little planning makes sure your hard work benefits the people you care about.
Without it, you could face
- Wealth reaching heirs slowly or not as intended
- Avoidable costs and paperwork
- Unequal treatment of children by accident
- Your own retirement left short by giving too early
What wealth transfer gives you
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Insurance as a transfer tool
A life policy creates a defined sum for your heirs.
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Lifetime gifts
Helping children and grandchildren while you can see the benefit.
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Smooth handover
Nominations and ownership arranged so money reaches heirs quickly.
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Investments for the next generation
SIPs and plans for children's and grandchildren's goals.
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Fair between heirs
A plan that treats everyone as you intend.
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Paperwork in order
Records and nominations that match your wishes.
Is this right for you?
If any of these sound like you, a short conversation with us is a good place to start.
Ask us a question- Parents and grandparents
- Retirees with surplus savings
- Business owners planning for the next generation
- NRIs with family in India
Consultation, comparison, planning and ongoing support
We help you decide what you would like to pass on, to whom and when, and choose the right tools: life insurance payouts, investments in your children's or grandchildren's names, nominations and joint holdings.
We explain the tax points to discuss with your chartered accountant, and work alongside your lawyer where a will or trust is needed.
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Consultation
What you want to pass on, to whom and when.
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Comparison
Insurance, gifts, investments and nominations, and how each works.
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Plan & set-up
Policies, investments and paperwork, with your lawyer and CA where needed.
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Ongoing support
Update as your family and wealth change.
Wealth Transfer: common questions
Gifts from specified relatives such as parents are generally not taxed in the hands of the recipient. However, income earned on money gifted to a minor child is usually added to the parent's income. Please confirm your situation with a chartered accountant.
The payout goes to your nominee quickly and creates a known sum for your heirs, without needing to sell other assets.
It depends on your needs, your heirs and the assets involved. We help you weigh the options, keeping enough for your own retirement first.