Accepting Service
Proposal
Execution of NDA
Payment of engagement fees
Submission of data / information
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Moving your assets to your loved ones upon your demise is not easy. Inheritance laws around the world, and especially in India require a keen understanding of the legal, taxation and finance aspects as well. So how can you proactively take steps to reduce the challenges faced by your loved ones upon your demise? How can you move assets that you wish to give to them in a compliant manner?
INSPL’s Preparedness for Inheritance Compliance service diagnoses and assesses risks associated with each of your assets based on documentation of ownership and possession and it’s current state.
These risks are then shared via a detailed Asset Status Report (ASR), which confirms the relative degree of risks (High Risk, Moderate Risk and Low Risk) denoting the risk grading.
We then draft all correspondence including pre-filling forms and undertake all communication with each stakeholder such as banks, mutual funds, insurance companies, depository participants, corporates, PF trusts etc. on your behalf to initiate the process of smooth succession in future.
Once signatures have been collected on the right documents and all legal formalities completed, we submit the same with various counter parties through our feet-on-the-field infrastructure.
The preparation of a Testamentary document – your Will is the final step in ensuring that the beneficiary/next generation does not suffer in future.
Accepting Service
Proposal
Execution of NDA
Payment of engagement fees
Submission of data / information
Diagnosis &
Confirmation
Simulation (ASR)
shared
Risk mitigation
directions awaited
from client
Documents prepared, submitted & follow-up process
Simulation - Final ASR
Draft WILL for
discussion
WILL signing
Registration of WILL
(Discretionary) self
action
*(payable in advance, per Pan Card/ person)
Tariff : Rs. 63,000
Taxes (@18%): Rs.11,340
TOTAL : Rs. 74,340* @
* per PAN (Client) -payable in advance @ plus Out of Pocket expenses , billed on actuals (intermittently) for franking / stamping / registration / notary public charges/lawyers fees for affidavits / indemnity/ surety and any other documentation drafting etc.
INSPL has entered into an alliance with corporates, banks , financial institutions to provide services to their employees and customers at Preferred Terms. Hence, if you are either an employee or a customer / client of such specified entities you can avail the services at Preferred Terms.
