Estate Planning
Estate Planning Services for NRIs & Indian Residents – Casela Advisors
Plan the smooth and tax-efficient transfer of your wealth with expert Chartered Accountants at Casela Advisors. We specialize in helping Indian residents and NRIs manage their estate through legally robust, flexible, and efficient structures.
What Is Estate Planning?
Estate Planning involves the structured management and distribution of your assets during your lifetime and after death. The goal is to:
- Ensure efficient control and management of your assets in India
- Enable a smooth, dispute-free transfer to your legal heirs or next generation
Why Choose a Private Family Trust for Estate Planning?
While most individuals rely on a WILL for estate transfer, it has several legal and practical limitations. A Private Family Trust, created with the guidance of a Chartered Accountant and legal expert, offers a more robust alternative.
Limitations of a WILL in India
Many Indian residents and NRIs create a WILL for passing on assets. However, the following issues often arise:
- Requires probate or succession certificate from Indian courts
- Distribution can be delayed for 12 to 36 months
- Legal heirs must participate in lengthy court processes
- The WILL can be legally contested
- Amendments to a WILL require legal processes
- Limited estate administration services in India
Advantages of Setting Up a Trust in India
Casela Advisors helps clients set up Private Family Trusts to bypass common WILL-related hurdles. Trusts offer:
Legal Advantages
- Trust Deed is a strong legal document and less prone to disputes
- Easy to amend without court intervention
Efficient Administration
- Transparent structure known to beneficiaries
- Trustees can manage and distribute assets without legal delay
- No need for court procedures for asset distribution
Customized Asset Distribution
- Control over timing and beneficiaries (current and future generations)
- Settlors can retain control of assets or income during their lifetime
Favorable Tax Treatment
- Tax-efficient structure under Indian tax laws
- Income taxed similarly to the individual (Settlor), maintaining continuity
Professional Trustee Services
- Casela Advisors partners with reputed institutions for reliable trustee services
- Ensures secure, compliant, and conflict-free management of assets
Why Choose Casela Advisors for Estate Planning?
- Experienced Chartered Accountants for estate planning and trust formation
- Specialization in NRI estate and succession planning
- End-to-end assistance: from trust deed drafting to asset management
- Knowledge of Indian Succession Act, Hindu Succession Act, and Muslim Law
- Tax compliance, inheritance tax advisory (India, USA, UK), and more
