Skip to main content

Posts

Showing posts from July, 2023

An Overview of Family Offices in India

  Family Offices, a wealth management entity created for asset protection, investment and succession planning vehicles tailored to the specific needs of high net worth individuals and family specific to the needs and preferences of the family to protect its legacy and wealth from generation to generation. A. Why to form a Family Office (FO):- a.      Ease of Collective Investment:- To allow family members to invest collectively with reduced investment costs and access to wide range of investment opportunities. Provided opportunities to young family members for exposure to ever evolving financial world and part of critical decision making process. b.      Tax Savings:- Been structured in a manner to get benefit under tax schemes and permissible to   deduct investment management fees and other administrative expenses that are generally non-deductible by individuals. c.         Ease of Co-ordination and Management with external advisors:- Enjoy shared services for tax, legal, acco