There is nothing certain, but the uncertain. In these days of so much uncertainty, it is difficult for families and business owners to plan. Nobody can foresee the impact COVID-19 will have on a business or a family, or how the future will be shaped because of it.
It is important to evaluate and take necessary steps here and now to be ready to continue in the best possible way. Succession planning could, therefore, take on a more central role in your overall wealth planning as well as potentially be an effective way to manage your legacy. Ensuring a robust succession plan can increase your family’s security in this present uncertain climate. Perhaps now is the time to consider this.
Families have been using trusts to preserve and manage wealth for the benefit of their heirs for centuries. And trusts provide an opportunity to protect assets and controlling how they are used in case of your demise. Ensuring that current and future generations benefit from the continuity might prove to be the most important decision you will make.
At Amicorp, we are here to for you. Our team is ready to assist and propose a suitable structure, considering all the dynamics of your family and help you put in place your succession plan.
Amicorp Trustees (India) Private Limited, is building and deploying these protective trust structures. At ATIPL we concentrate on estate & succession planning services. Through estate planning, we can assist you to safeguard the interests of your loved ones and yourself by ring-fencing your assets, and protecting you from any possible re-introduction of estate duty, including distributing the same as per your wishes even after your demise.
For more information:
Tariq Aboobaker, Managing Director - t.aboobaker@amicorp.com
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