The family office consulting world in India is evolving rapidly as families and their wealth grow more complex. Succession planning is a critical element of family office consulting, usually more important than wealth but it’s not without hurdles. Many families put off getting help with things like estate or succession planning, either because it feels awkward to talk about or they think problems will sort themselves out. Opening up about sensitive family issues is tough, but procrastinating can lead to conflicts or disputes resulting in not just financial losses but also sour relationships. Adding to this, there aren’t enough specialized advisors in India to meet the needs of families, especially those mid-market and emerging family business owners who desire to build a Legacy...
