Estate planning

CHENNAI
3rd Floor, ‘Creative Enclave’,

148-150, Luz Church Road,
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821
ESTATE PLANNING
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 6546 2400

COIMBATORE
BB1, Park Avenue,
# 48, Race Course Road,

Divya Raman
Coimbatore - 641018.
Tel: +91 - 422 – 6552921

Corporate Department

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ESTATE
CHENNAI

Mylapore,
Chennai - 600 004.

Estate includes cash, property,
Tel: +91 - 44 - 2498 4821

BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Tel: +91 - 80 - 6546 2400
income from property, shares,
COIMBATORE
BB1, Park Avenue,
jewellery, insurance policies,
provident fund, recurring and fixed
Tel: +91 - 422 – 6552921

deposits, among other assets.

EMAIL
info@altacit.com
WEBSITE
www.altacit.com

ESTATE PLANNING
CHENNAI

Mylapore,

Process of anticipating and arranging for
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821

BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
the disposal of an estate after your
death. Attempts to eliminate
Tel: +91 - 80 - 6546 2400

COIMBATORE
BB1, Park Avenue,
uncertainties over the administration
of a probate and maximize the value of
Tel: +91 - 422 – 6552921

the estate by reducing taxes and other
expenses.
EMAIL
info@altacit.com
WEBSITE
www.altacit.com

OBJECTIVES

CHENNAI

Mylapore,

•Making sure most of the estate is
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821

BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
transferred to your beneficiaries.
Tel: +91 - 80 - 6546 2400

COIMBATORE
•Paying the least amount of taxes on
your estate.
BB1, Park Avenue,
Tel: +91 - 422 – 6552921

•Assigning guardians for minor children,
if any.
EMAIL
info@altacit.com
WEBSITE
www.altacit.com

NEED FOR ESTATE PLANNING
CHENNAI

• Planning for harmonious succession and
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821 disposition of your Estate.
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
• Protection of your Estate with your
family’s needs in mind.
Tel: +91 - 80 - 6546 2400

COIMBATORE

• Effective management of your Estate
BB1, Park Avenue,
Tel: +91 - 422 – 6552921

during and beyond your lifetime.
• Preparing your Estate for unforeseen
eventualities.
EMAIL
info@altacit.com
WEBSITE
www.altacit.com

DEVICES
CHENNAI

• Will.
Mylapore,

• Trust.
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821

BANGALORE

• Powers of Appointment.
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Tel: +91 - 80 - 6546 2400

COIMBATORE
BB1, Park Avenue,
• Property Ownership (joint tenancy
with rights of survivorship, tenancy in
Tel: +91 - 422 – 6552921

common, tenancy by the entirety).
• Gift.
EMAIL
• Power of Attorney.
info@altacit.com
WEBSITE
www.altacit.com

CHENNAI

• Wills: A will is a legal document that
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821 lays out the fate of your property after
your death. It states who receives your
BANGALORE
Suite 920, Level 9,
Raheja Towers,

property and in what amounts.
26-27, M G Road,
Tel: +91 - 80 - 6546 2400

COIMBATORE
BB1, Park Avenue,
• Trusts: A trust is an arrangement
where you entrust property to one
Tel: +91 - 422 – 6552921

person or an organization. The person
or trustee is taxed with managing the
EMAIL
info@altacit.com
property on behalf of your beneficiary
WEBSITE
www.altacit.com
or beneficiaries.

CHENNAI

Mylapore,

• Power of Attorney: Power of attorney
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821

BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
gives a person or organization the
legal power to handle your affairs
Tel: +91 - 80 - 6546 2400

COIMBATORE
BB1, Park Avenue,
when you're unable to do so. The
person or organization you appoint is
Tel: +91 - 422 – 6552921

referred to as an "attorney-in-fact" or
"agent."
EMAIL
info@altacit.com
WEBSITE
www.altacit.com

STEPS IN ESTATE PLANNING
PROCESS
CHENNAI

A financial planner performs the following

Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821 steps in estate planning –
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
•Relationship establishment
Tel: +91 - 80 - 6546 2400

COIMBATORE
•Information gathering
BB1, Park Avenue,
Tel: +91 - 422 – 6552921
•Determining the client's financial status
•Draw out a plan of transfer
•Implementing the plan
EMAIL
info@altacit.com
•Regular reviewing of the plan
WEBSITE
www.altacit.com

RISKS AND DRAWBACKS
INVOLVED IN ESTATE PLANNING
CHENNAI

• An individual's goals or wishes on how his
assets are to be distributed may not be
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821

BANGALORE
Suite 920, Level 9,
fulfilled
Raheja Towers,
26-27, M G Road,
Tel: +91 - 80 - 6546 2400
• Huge costs of transfer and taxes
COIMBATORE
BB1, Park Avenue,
• An individual's family may be in financial
distress if the process is not properly planned
Tel: +91 - 422 – 6552921

• There may be insufficient liquidity to meet
client's debts in taxes
• Time consuming legal procedures
EMAIL
info@altacit.com
WEBSITE
www.altacit.com

BENEFITS
CHENNAI

• Estate Tax Planning - Advanced Estate
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821 Planning to Reduce Estate Taxes
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Reducing estate taxes is generally done
through gifting assets such as highly
Tel: +91 - 80 - 6546 2400

COIMBATORE
BB1, Park Avenue,
appreciated stock directly to loved
ones or to a charity or into a trust for
Tel: +91 - 422 – 6552921

their benefit, or gifting away interests
in closely held business entities such as
EMAIL
info@altacit.com
corporations or limited liability
WEBSITE
www.altacit.com
companies.

CHENNAI

This works to reduce the value of the

Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821 owner's estate because once the assets
or business interests are gifted away
BANGALORE
Suite 920, Level 9,
Raheja Towers,

from the owner directly to the
26-27, M G Road,
Tel: +91 - 80 - 6546 2400

COIMBATORE
BB1, Park Avenue,
beneficiaries or into a trust for the
benefit of someone other than the
Tel: +91 - 422 – 6552921

owner, the gifted assets can no longer be
included in the value of the owner's
EMAIL
estate for estate tax purposes.
info@altacit.com
WEBSITE
www.altacit.com

CHENNAI

• Legacy Planning - Advanced Estate
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821 Planning to Create a Legacy
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
There are different types of trusts that
can be established not only to minimize
Tel: +91 - 80 - 6546 2400

COIMBATORE
BB1, Park Avenue,
or eliminate estate taxes, but also to
create an ongoing legacy for future
Tel: +91 - 422 – 6552921

generations. Many states allow trusts to
continue for hundreds of years or even
EMAIL
info@altacit.com
in perpetuity, thereby allowing their
WEBSITE
www.altacit.com
residents to establish dynasty trusts for

CHENNAI

Mylapore,

their current and future family members.
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821

BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Others choose to create a legacy in their
community by setting up charitable trusts
Tel: +91 - 80 - 6546 2400

COIMBATORE
BB1, Park Avenue,
or private foundations that will provide a
self-perpetuating endowment for years
Tel: +91 - 422 – 6552921

to come.

EMAIL
info@altacit.com
WEBSITE
www.altacit.com

CHENNAI

• Asset Protection Planning - Advanced Estate
Planning to Keep Assets Safe
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821

BANGALORE
Suite 920, Level 9,
Raheja Towers,
• For those who have accumulated even
26-27, M G Road,
Tel: +91 - 80 - 6546 2400
minimal wealth, the fear of losing it all in a
COIMBATORE
BB1, Park Avenue,
lawsuit can become a great concern. Many
Tel: +91 - 422 – 6552921
advanced trusts, such as Buildup Equity
Retirement Trusts, can not only help to
minimize or eliminate estate taxes, but also
offer the added bonus of protecting the
EMAIL
assets owned by the trust against lawsuits
info@altacit.com
WEBSITE
and divorce decrees.
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CHENNAI

In fact, domestic asset protection trusts

Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821 and certain offshore trusts are specifically
designed to keep assets held in these
BANGALORE
Suite 920, Level 9,
Raheja Towers,

trusts away from creditors and divorcing
26-27, M G Road,
Tel: +91 - 80 - 6546 2400

COIMBATORE
BB1, Park Avenue,
spouses. Other advanced techniques,
such as gifting through a family limited
Tel: +91 - 422 – 6552921

liability company, add an additional layer
of asset protection for the property
EMAIL
owned by the company.
info@altacit.com
WEBSITE
www.altacit.com

INDIAN SCENARIO
CHENNAI

Mylapore,

In India, estate planning is generally
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821

BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
perceived to be for the rich or wealthy,
who have enough cash, property or
Tel: +91 - 80 - 6546 2400

COIMBATORE
BB1, Park Avenue,
valuables to leave behind for their loved
ones. The fact, however, is that estate
Tel: +91 - 422 – 6552921

planning is essential for all, regardless of
one’s economic standing.
EMAIL
info@altacit.com
WEBSITE
www.altacit.com

CASE LAWS
CHENNAI

The battle over the late Priyamvada

Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821 Birla’s will, in the year 2004, brought to
the surface the crucial role played by a
BANGALORE
Suite 920, Level 9,
Raheja Towers,

will and the importance of estate
26-27, M G Road,
Tel: +91 - 80 - 6546 2400

COIMBATORE
BB1, Park Avenue,
planning. There are several other
celebrity cases that have been doing
Tel: +91 - 422 – 6552921

the rounds of the media, where siblings
fight each other over the estate of the
EMAIL
deceased.
info@altacit.com
WEBSITE
www.altacit.com

CHENNAI

Mylapore,

As the social and family structure in
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821

BANGALORE

India increasingly turns nuclear and
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,

the number of the affluent rises
Tel: +91 - 80 - 6546 2400

COIMBATORE
BB1, Park Avenue,

thanks to the India growth story, the
Tel: +91 - 422 – 6552921

need for proactive ‘estate planning’.

EMAIL
info@altacit.com
WEBSITE
www.altacit.com

CHENNAI

Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821

BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Tel: +91 - 80 - 6546 2400

COIMBATORE
BB1, Park Avenue,
Tel: +91 - 422 – 6552921

EMAIL
info@altacit.com
WEBSITE
www.altacit.com

Estate planning

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