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In the recent past, an increased number of ultra-high net worth individuals and families started using jurisdictions outside India such as Singapore and Dubai to open ‘family offices’ to utilise a...
In a significant ruling, the Supreme Court in N.P. Saseendran has clarified and ruled on the legal distinctions between three key estate planning instruments: a Will, a gift, and a settlement. These distinctions are critical, as each carries distinct legal and tax implications. At a time when personal and family wealth in India is expanding rapidly—and the need for effective, dispute-free succession planning is more urgent than ever—this judgment offers valuable guidance on interpreting and drafting these instruments.
In this Infoalert , INDUSLAW’s Lokesh Shah and Aarya Jha summarises and analyses the ruling of the Supreme Court.
