Succession planning by high net-worth individuals
Effective succession planning provides security over inheritance in an efficient and cost effective manner and should be considered by HNIs to avoid disputes in the future.
Effective succession planning provides security over inheritance in an efficient and cost effective manner and should be considered by HNIs to avoid disputes in the future.
Even though daughters may prove their worth, the onus of taking family businesses forward still lies with a male heir. And in the absence of a son, the son-in-law is co-opted for this purpose.
For women in business families, even higher education is discouraged as finding equally educated grooms is considered a challenge.
Two Indian princesses battling over their dead father’s fortune worth thousands of crores got the world’s media agog—except most of them got the accent wrong. This battle has never been about just the money.