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Legacy Planning: How HNIs manage their wealth through timely estate planning
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By Asheesh Chanda, Founder and CEO, Kristal.AI
Estate planning is one the fastest growing service offerings in the wealth management industry. The growth is driven by an increase in the number of HNI clients in India. As per industry reports, HNI population in India is expected to grow by 60-70 per cent over the next 5 years. But beyond the increase in numbers, there is also a change in consumer behavior. Here let’s look at some trends that are shaping the estate planning industry.
One of the big shifts that is happening is that the investors are seeking estate planning services early in their life. Instead of waiting for their 60s, customers are planning their wealth transfer in their early 40’s. The pandemic has been one of the key factors
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