Indian Wealth Management Forum 2019 - Exclusive Insights - Sneha Makhija

Sneha Makhija

AVP, Wealth Planning Specialist

Sanctum Wealth Management

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  • 1. What are the most common concerns of HNW & UHNW clients?

    The most common concerns of clients these days is, especially with inheritance tax buzz in India, clients are looking at how it could be managed effectively. Mostly, they want to ensure (the) smooth and seamless transmission of wealth to their loved ones. They want to ensure hassle-free transmission of wealth. They want to avoid undesired claimants and family disputes. The sense is to keep the family harmony. No matter where the family members are, whichever jurisdiction or whichever residency or citizenship they hold, they want the plan (to) be effective and more so, I think, (there is) a lot of apprehension (around) there (being) too much wealth inherited at a young age. So, families are looking at, increasingly, how do they ensure that the wealth goes in a controlled manner to the intended recipient, especially (to) children who are minors.