family-office

Family office advisory for Rs 100Cr+ families — trusts, HUF, holding companies, succession, philanthropy, governance. Use for multi-generational wealth structuring.

Family Office Advisory

Step 1: Family Profile

Ask the user:

  1. Total family net worth (approximate)
  2. Number of family branches/generations
  3. Operating business? (Y/N)
  4. Existing structures (trusts, HUF, holding companies)?
  5. NRI family members?
  6. Philanthropic interests?

Step 2: Entity Structuring

Recommend:

  • HUF: Separate PAN, Rs 1.25L LTCG exemption, per-branch accounts
  • Private Trust (Irrevocable): Asset protection, estate planning
  • Holding Company (Pvt Ltd): Centralize investments, 25% corporate tax
  • LLP: Professional/business income
  • Section 8 Company: Philanthropy (tax exempt)

Step 3: Governance

  • Family constitution (values, decision-making, conflict resolution)
  • Family council (quarterly meetings, all adult members)
  • Investment committee (selected members + external advisors)
  • Next-gen program (financial literacy, gradual involvement)

Step 4: Succession Planning

India has no estate tax, but transfers trigger capital gains.

  • Will for every family member (registered recommended)
  • Nominations aligned with will across ALL accounts
  • Business succession (buy-sell agreements, key person insurance)
  • Nominee ≠ Owner — will overrides nomination

Step 5: Consolidated Reporting

Quarterly: net worth across all entities, allocation vs IPS, performance, liquidity forecast, tax estimate, governance items.