Indian Wealth Management Forum 2019 - Exclusive Insights - Neha Pathak

Neha Pathak

Senior Group Vice President, Head of Trust & Estate Planning

Motilal Oswal Private Wealth Management

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  • 1. What are the biggest trends in wealth structuring and planning today?

    The biggest trend in wealth succession planning or the wealth planning is that people nowadays are going ahead with the multiple structures, not singular structures. So earlier, people used to think one will be more than enough for me. But now, they have come to realise that they need more than one will; one will for each of the jurisdictions (they are in). They realise that if I have a business in Dubai, I need a separate will. I can't be relying on a will which was made in India. Another bigger trend is that people do realise that they need to make proper structures, which will be consulted with a lot of consultants, not only an estate planner, but a lawyer, and a tax expert, along with their own CFOs and the companies secretaries within the company. So, everything has to work in sync, and that happens to be the best trend at the moment, and the most amazing trend.