What is Estate Planning for High-Net-Worth Individuals?

What is Considered High-Net-Worth?

Benefits of Estate Planning for High-Net-Worth Individuals

Estate Planning Tips for High-Net-Worth Individuals

FAQs About Estate Planning for High-Net-Worth Individuals

Who are considered Ultra High Net Worth Individuals (Ultra HNWIs) in India? up-arrow

In India, individuals with Rs.200 crores worth of assets or more are considered Ultra High Net Worth Individuals or Ultra HNWIs.

At what net worth should I create a trust? up-arrow

You do not have to be a high net-worth individual to have trust. If you have some assets and want them passed on to your loved ones and your family, a trust can help avoid a lengthy probate process.

How often should high net worth individuals update their estate plans? up-arrow

You should review and update your estate plans regularly, especially after major life events such as marriage, divorce, the birth of a child or grandchild, and significant changes in their financial situation. It is also important to review and update beneficiary designations and account titling to ensure that they align with your wishes and estate plan.