Estate Planning
Estate Planning Services for NRIs & Indian Residents
Classic Partner – Chartered Accountants for Wealth & Succession Planning
What Is Estate Planning?
Estate Planning is the process of structuring, managing, and transferring your assets both during your lifetime and after death.
The objectives are clear:
Ensure smooth control and management of assets in India
Enable a tax-efficient and dispute-free transfer to heirs or the next generation
At Classic Partner, we provide end-to-end estate planning solutions for Indian residents and NRIs, ensuring compliance with Indian laws and global tax considerations.
Why Not Rely Solely on a WILL?
Most individuals draft a WILL for asset transfer. While valid, a WILL often comes with practical challenges in India:
Requires Probate or Succession Certificate from courts
Distribution can take 12–36 months
Involves lengthy legal procedures with heirs
Can be contested by relatives
Changes require legal formalities
Limited estate administration support in India
Advantages of a Private Family Trust
We guide clients in creating Private Family Trusts as a more reliable estate planning tool. Trusts help overcome limitations of WILLS and offer multiple benefits:
Legal Advantages
A Trust Deed is a strong legal document, less prone to disputes
Easier to amend without court approval
Efficient Administration
Transparent structure with clear rules for beneficiaries
Trustees can manage and distribute assets without legal delays
Customized Distribution
Control over who gets what and when
Provisions for future generations
Settlors can retain control of income or assets during their lifetime
Tax Treatment
Trusts are tax-efficient under Indian Income Tax laws
Income is often taxed in line with the settlor, ensuring continuity
Professional Trustee Support
At Classic Partner, we collaborate with reputed institutions for trustee services to ensure secure, compliant, and conflict-free management of assets.
Why Choose Classic Partner?
Chartered Accountants with NRI expertise in tax, FEMA, and estate matters
Seamless cross-border succession planning
Guidance on WILL drafting, Private Trust setup, and tax efficiency
Coordination with legal experts for probate, succession, and dispute handling
Advisory on asset repatriation and compliance with FEMA/RBI regulations
Contact Classic Partner – Your trusted advisors for WILLs, Trusts, and Estate Planning in India and abroad.
