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 19 years in this field, KMTSL has been instrumental in setting up private family trusts for many families across India, catering families with diverse assets, residencies, and complexities.
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 Family
Trust to provide for more comprehensive planning..
- Need for Estate Planning
- Estate Planning Services
- Importance of a Corporate Trustee
Need for Estate Planning
-
Ensuring consolidation and smooth succession of assets without delays and disruptions
-
Meeting and protecting financial needs of family members
-
Multi-generational planning of wealth
-
Retaining control and flexibility within the family
-
Addressing concerns about unexpected incapacity
-
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
-
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. A corporate trustee can help the family with the following
- Perpetuity
- Experience and Expertise
- Effective Trust Administration
- Objectivity
- Professional Advice
- Fiduciary Responsibility
- Dedicated Responsibility
- Compliance and Reliability
- Prudence and Confidentiality
Estate Planning Services offered by Kotak
- Trust Structuring: Recommending potential options for the structuring of an Estate Plan in line with the specific needs and requirements of the family.
- Facilitating Drafting & Execution: Facilitating the drafting & execution of Trust Deeds and related documents as may be required.
- Trusteeship Services: Serving as a Corporate Trustee for the administration of the family trusts, helping ensure continuity and governance.
- Trust Manager: Acting as a Trust Manager for the day to day management and administration of the family trusts.
Disclaimer below:
The information provided on this website is for general information purposes only and does not constitute professional, legal, tax or investment advice. This information should not be copied, disclosed or distributed in whole or in part in any form to any other party without prior written consent of Kotak Mahindra Trusteeship Services Limited.
In the preparation of the material contained in this document, Kotak Mahindra Trusteeship Services Limited has used information that is publicly available, including information developed and researched in house. Information gathered & material used in this document is believed to be from reliable sources. Kotak Mahindra Trusteeship Services Limited however does not warrant the accuracy, reasonableness and/or completeness of any information contained in this document. Kotak Mahindra Trusteeship Services Limited does not in any way through this material solicit any offer for any of the products and services mentioned herein or recommend the Estate Planning services. Before making any decision based on this material, you should make their own investigation, seek appropriate professional, legal and tax advice.
Kotak Mahindra Group (including its affiliates) and any of its officers, directors, personnel and employees, shall not be liable for any loss or damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of this material in any manner. The recipient alone shall be fully responsible and/or liable for any decision taken on the basis of this material.
