Estate Planning in India
Have you planned how your wealth will reach your family after you? Without a proper estate plan, assets can be locked in legal disputes, probate proceedings, or divided contrary to your wishes. Nainit Savla & Associates provides comprehensive estate planning — will drafting, family trust creation, nomination review, HUF planning, and cross-border estate advisory for NRIs — ensuring your wealth passes smoothly, quickly, and as intended.
Will Drafting and Review
Preparation of a comprehensive, legally valid will covering all Indian assets — property, bank accounts, shares, mutual funds, insurance policies — with clear beneficiary designation and executor appointment.
Private Family Trust
Creation of private discretionary or specific family trusts to hold assets across generations — avoiding probate, providing creditor protection, and enabling controlled distribution to minor or financially inexperienced heirs.
Nomination Review and Update
Systematic review of nominations across all financial assets — bank accounts, FDs, mutual fund folios, insurance policies, demat accounts, EPF, NPS — ensuring nominations are current and consistent with your estate plan.
NRI Estate Planning
Cross-border estate planning for NRIs with assets in both India and abroad — coordinating Indian will/trust with foreign estate plan, FEMA compliance for NRI inheritance, and foreign estate tax advisory.
HUF Creation and Planning
Creation of HUF for tax-efficient family wealth holding and intergenerational succession — with partition advisory when HUF dissolution is appropriate in the family's best interest.
Business Succession Planning
Succession planning for family businesses — shareholding restructuring, buy-sell agreements, keyman insurance, and family governance frameworks for smooth leadership and ownership transition.
Key Estate Planning Tools in India
| Tool | Purpose | Key Feature |
|---|---|---|
| Will (Testament) | Direct distribution of assets after death | Flexible; can be changed anytime; probate may be needed |
| Private Family Trust | Hold family assets across generations | Avoids probate; asset protection; controlled distribution |
| Nomination | Designate who receives financial assets on death | Quick transfer; nominee holds as trustee for legal heirs |
| HUF | Hold family assets in a joint entity for tax efficiency | Karta manages; income taxed separately; coparcenary rights |
| Power of Attorney | Manage assets during incapacity or NRI absence | Specific or general; revocable; useful for NRIs |
Who Needs Estate Planning?
- Individuals with significant assets — property, shares, mutual funds, business ownership
- NRIs with assets in both India and abroad
- Business owners planning for succession
- Parents of minor children who need asset management during minority
- Families with complex ownership structures or multiple heirs
- Individuals who want to ensure assets reach specific heirs without dispute
Why Choose Nainit Savla & Associates?
Our estate planning team drafts comprehensive wills, creates family trusts, reviews and updates nominations, and builds cross-border estate plans for NRIs. We integrate tax planning, FEMA compliance, and succession law expertise to create an estate plan that is legally sound, tax-efficient, and practically executable by your heirs — without lengthy court proceedings or family disputes.
Secure Your Family's Future with Expert Estate Planning.
Wills, family trusts, nomination review, NRI cross-border estate plans, and business succession — all crafted to ensure your wealth reaches the right hands without delay or dispute.
Contact Us TodayF.A.Q.
GSTR-9 is an annual GST return that summarizes all transactions reported during the financial year. It is required to ensure proper reconciliation and compliance with GST laws.
All regular GST-registered taxpayers are required to file GSTR-9, except composition dealers, casual taxable persons, and non-resident taxpayers.
The due date is generally 31st December following the end of the relevant financial year, unless extended by the government.
It includes details of outward supplies, inward supplies, input tax credit claimed, taxes paid, and adjustments made during the year.
GSTR-9 is mandatory for most regular taxpayers, but certain small taxpayers may get exemptions based on turnover thresholds notified by the government.
Late filing may result in penalties and late fees, along with potential compliance issues or notices from GST authorities.
