Kotak's Estate Planning Services are offered through Kotak Mahindra Trusteeship Services Limited (KMTSL) which is a 100% subsidiary of Kotak Mahindra Bank Limited. With a legacy of over 16 years in this field, KMTSL has been instrumental in setting up private family trusts for many families across India, catering to a diverse mix of industries and sectors.
What is Estate Planning
Estate Planning is the creation of a systematic
plan for the management, protection & succession
of your estate, during and after your lifetime.
Modes of Estate Planning
Estate Planning can be undertaken by way
of a Will or through a Trust to provide for more
comprehensive planning.
- Need for Estate Planning
- Estate Planning Services
- Importance of a Corporate Trustee
- Advantages of a Corporate Trustee
Need for Estate Planning
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Ensuring consolidation and smooth succession of assets without delays and disruptions
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Meeting and protecting financial needs of family members
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Multi-generational planning of wealth
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Retaining control and flexibility within the family
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Addressing concerns about unexpected incapacity
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Long term and professional management and preservation of assets
1. Protection of assets against a possible reintroduction of estate duty in India
2. Protection of assets against possible future matrimonial claims
3. Protection of assets against future liabilities and claims
Estate Planning Services
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Trust Structuring: Recommending options on the structuring of an Estate Plan for the benefit of future generations, and management & administration of the estate during and after your life -
Facilitating Drafting & Execution: Facilitating drafting of Wills, and the drafting & execution of Trust Deeds and ancillary documents tailored to specific family needs -
Trusteeship: Acting as a Corporate Trustee for administration and distribution of the family trust -
Trust Manager: Acting as a Trust Manager for administration of the family trusts
Importance of a Corporate Trustee
A Trustee is in a special position of confidence in relation to the beneficiaries and has a fiduciary role to play. A trustee is legally bound to act for the benefit of the beneficiaries. One of the most important decisions you will make is the selection of your Trustee(s).
Advantages of a Corporate Trustee
A trustee is in a special position of confidence in relation to the beneficiaries, and therefore, one of the most important decisions you will make is the selection of your trustee.
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Perpetuity
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Experience and Expertise
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Effective Trust Administration
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Objectivity
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Professional Advice
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Fiduciary Responsibility
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Dedicated Responsibility
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Compliance and Reliability
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Prudence and Confidentiality
