Estate & Succession Planning
Estate & Succession Planning
Since ancient times, a strong foundation has been recognized as the cornerstone of sustainable success. The key elements that form such a foundation are a clear vision, a systematic and adaptable framework, and rigorous governance—all anchored by the core values that drive individuals and families forward.
These foundational principles are universal, transcending all aspects of life, particularly when the legacy of a family spans generations. A shared vision, a sense of belonging, responsibility, and an environment that nurtures both growth and comfort are the values that transform a house into a home. However, ensuring these sentiments are passed down through generations can be challenging without structure. This is where a Family Charter—a living, dynamic document—becomes essential.
Also known as the Family Constitution, the Family Charter serves as an evolving guide, offering clarity and direction for both family and business governance. It outlines how the family can plan for the future, manage unforeseen circumstances, and pursue individual goals while remaining interconnected. Importantly, it helps ensure that the family stays united, even as independent paths are pursued. The Charter can address family dynamics, governance structures, conflict resolution mechanisms, and regular family gatherings, including vacations, to strengthen bonds over time.
In addition, the Family Charter can incorporate the family’s succession plan and encompass vital legal documents such as wills, trusts, and shareholder agreements. It serves not only as a guiding framework but also as a repository for essential agreements that ensure continuity across generations.
The generation that builds the wealth is often deeply connected to the roots of the family’s success and the values that underpin it. However, they may underestimate the unique challenges and ambitions of the next generation, which is typically more exposed, educated, and eager to take risks. This new generation may not fit into familiar moulds, but by embedding the family’s core principles into a Family Charter, these values can endure while allowing flexibility for change.
A home is more than just bricks and mortar—it’s a shared legacy. The Family Charter provides the guiding light for that legacy, ensuring that it remains strong even through the most challenging times.
Background: A successful entrepreneur brought Entrust on board after global private banks fell short of expectations in managing a complex overseas investment structure. Challenge: The client, a resident Indian, had established a foreign company for investments. Initially, we were engaged purely to manage the portfolio. However, it became evident early on that this was not […]
Background: This client inherited a significant corpus and approached Entrust for investment advisory services. We designed a risk-aligned, staggered portfolio rollout. Challenge: At the onset of COVID-19, the client experienced deep anxiety and considered liquidating his portfolio entirely in favor of fixed deposits. It was clear he needed more than investment advice—he needed consistent support […]
Background: The client, a prominent creative entrepreneur, approached Entrust with apprehension. At the time, 90% of her investment portfolio was managed by other wealth firms. Her engagement with us began with a healthy skepticism about our role and the value we could bring. Challenge: Our mandate spanned investments, bookkeeping, real estate, legal, and concierge services. […]
signup for updates
