Author: Sandeep N Setty
Sandeep N Setty
Sandeep N Setty is a Financial Advisor, Author, and Speaker specializing in asset structuring and inter-generational planning. He helps business owners and affluent families achieve financial independence and lasting wealth.
Creating a will is one of the most important steps you can take to protect your legacy and provide for your loved ones. Yet many people delay this crucial task. Below is a comprehensive guide on when to draft your will, followed by a pre–will checklist of questions to ensure you’ve covered every angle. Key Dates Date of Birth: DD/MM/YYYYDate of Death: __________ No one knows the date you will pass away, but everyone knows the day you were born. That uncertainty makes planning today essential—while your birth date is fixed, your death date remains unknown. Ideal Timing: Why Age 18 (or Major) Matters…
When it comes to inheritance, we often focus on the “money bank,” but what about the “knowledge bank?” Without financial literacy and proper preparation, even the largest fortunes can be mismanaged or lost within a generation. Preparing heirs is one of the most critical steps in inheritance planning. Why Heirs Fail to Sustain Wealth Unprepared heirs are one of the most common reasons wealth fails to sustain across generations. They often lack the skills, knowledge, or alignment with family values needed to manage their inheritance effectively Key Areas of Heir Preparation Practical Steps to Prepare Heirs Final Thought Preparing heirs…
For HNIs, CEOs, venture capitalists, celebrities, and business owners, life insurance is more than protection — it’s a strategic instrument in your sophisticated estate plan. Properly structured, policies can backstop liquidity needs, preserve enterprise value, safeguard minor heirs, facilitate business share buy‑outs, and bypass courts entirely. Below, discover five tailored use‑cases with scenarios that resonate with your stature and complexities. 1. Protecting Personal & Family Financial Goals Audience: Family patriarchs, celebrities, entrepreneurs Scenario: Priya Kapoor, a Bollywood actress, needs ₹5 crore to fund her philanthropic foundation and secure her children’s education. Insight: Trust‑owned policies enable seamless fund allocation to multiple causes without probate…
When you’re the sole owner with no family or partners to inherit or run your business, robust succession planning must focus on key people, employee ownership, funding, and regulatory compliance. Below is a perfected guide—complete with Bengaluru examples, quantification, visual cues, and compliance notes. Identify & Reward Your Key Person(s) Scenario: Mr. Kapoor, founder of a Bengaluru fintech startup, relies on his CTO, Ms. Rao, whose technical leadership is critical. Implement an Employee Stock Option Plan (ESOP) Develop & Empower Successors Early Secure Funding for Transition Retain Critical Talent Post‑Transition Succession Process Flowchart Regulatory & Compliance Notes (India) Ultimate Goal Understand, fund, and transfer the true…
Life insurance alone may safeguard your family’s finances, but assigning policies to a trust transforms protection into precision. For HNIs, CEOs, and family patriarchs in India, combining insurance with trust structures ensures your objectives—education, maintenance, charity, and debt settlement—are honored exactly as you intend. Why Nominees Fall Short Challenge: Direct payouts to nominees offer no control over post-claim disbursements. Funds meant for a child’s overseas education may be diverted for unrelated expenses. Example: Without a trust, a ₹2 crore payout to Mrs. Kapoor could be used for personal ventures, not her son’s MIT tuition. Solution: Assign your policy to an Insurance Trust, a legal entity…
Estate planning is not just about distributing wealth — it’s about protecting your legacy, avoiding disputes, and ensuring peace of mind for future generations. Here’s how the process unfolds: Establishing Estate Planning Objectives This is the foundation. Begin by defining your goals: Clarity at this stage sets the tone for everything that follows. Gathering Relevant Data Collect detailed information: A comprehensive picture is necessary to make informed decisions. Analysis of Data This is where the strategy takes shape: A good estate plan must balance emotion and economics. Recommendation of Estate Plan Based on the analysis, a tailored plan is recommended:…
For families blessed with a special child, the biggest concern is:“Who will care for my child after I’m gone?” This is where a Special Needs Trust becomes not just a legal instrument, but an act of enduring love and foresight. Why a Special Needs Trust? Real Life Bengaluru Case: Mr. Srinivasan, a senior business owner in Koramangala, set up a Special Child Trust for his son, who has Down Syndrome.He assigned his ₹3 crore insurance policy to the trust. Now, even if Mr. Srinivasan isn’t around, his son will always have: “It gave me peace of mind,” Mr. Srinivasan says. “I can now…
Succession planning for real estate can be fraught with complexity—joint ownership disputes, probate delays, unequal treatment of heirs, and management gaps. Mr. Kothari’s strategic use of a revocable discretionary trust illustrates a best‑practice approach that ensures professional management, flexible income distribution, and seamless intergenerational transfer. Background The Succession Challenge Solution: Revocable Discretionary Trust Structure 1. Drafting a Comprehensive Trust Deed 2. Trustee Appointment & Succession 3. Asset Transfer & Formalities Outcome & Benefits Key Takeaways Ready to design a trust‑based estate plan for your real estate portfolio? Secure your family’s future income and cohesion—book a consultation today.
Background Name: Mr. Suresh Jain (Late)Family: 5 children – 3 sons, 2 daughtersResidence: Bangalore, KarnatakaKey Asset: Family home in his name (now valued at ₹5 Crores)Status: No will, no estate plan The Scenario Mr. Suresh Jain, a retired businessman, lived with two of his three sons in a spacious ancestral-style house. He was respected and loved by all his children. While he often considered making a will, he kept postponing it, believing, “There’s still time” and that the family would “understand each other’s sentiments.” But life had other plans. He passed away without a will. In the years prior, the property value had surged beyond ₹5 crores due…
Will your business continue thriving without you? Common Concerns of Business Owners: Key Solutions to Explore: Business Succession: Eye-Opening Stats Benefits of Business Succession Planning Stakeholders to Consider Family: Owner: Business: What We Offer We assist business owners in designing, funding, and implementing robust business succession strategies, including: Let’s talk — before a disruption becomes a disaster.