1. CHENNAI
3rd Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821
ESTATE PLANNING
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 6546 2400
COIMBATORE
BB1, Park Avenue,
# 48, Race Course Road,
Divya Raman
Coimbatore - 641018.
Tel: +91 - 422 – 6552921
Corporate Department
EMAIL
info@altacit.com
WEBSITE
www.altacit.com

2. ESTATE
CHENNAI
3rd Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
Mylapore,
Chennai - 600 004.
Estate includes cash, property,
Tel: +91 - 44 - 2498 4821
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 6546 2400
income from property, shares,
COIMBATORE
BB1, Park Avenue,
jewellery, insurance policies,
provident fund, recurring and fixed
# 48, Race Course Road,
Coimbatore - 641018.
Tel: +91 - 422 – 6552921
deposits, among other assets.
EMAIL
info@altacit.com
WEBSITE
www.altacit.com

3. ESTATE PLANNING
CHENNAI
3rd Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
Mylapore,
Process of anticipating and arranging for
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
the disposal of an estate after your
death. Attempts to eliminate
Bangalore - 560 001.
Tel: +91 - 80 - 6546 2400
COIMBATORE
BB1, Park Avenue,
# 48, Race Course Road,
Coimbatore - 641018.
uncertainties over the administration of
a probate and maximize the value of
Tel: +91 - 422 – 6552921
the estate by reducing taxes and other
expenses.
EMAIL
info@altacit.com
WEBSITE
www.altacit.com

4. OBJECTIVES
CHENNAI
3rd Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
Mylapore,
•Making sure most of the estate is
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
transferred to your beneficiaries.
Bangalore - 560 001.
Tel: +91 - 80 - 6546 2400
COIMBATORE
•Paying the least amount of taxes on
your estate.
BB1, Park Avenue,
# 48, Race Course Road,
Coimbatore - 641018.
Tel: +91 - 422 – 6552921
•Assigning guardians for minor children,
if any.
EMAIL
info@altacit.com
WEBSITE
www.altacit.com

5. NEED FOR ESTATE PLANNING
CHENNAI
3rd Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
• Planning for harmonious succession and
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821 disposition of your Estate.
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
• Protection of your Estate with your
family’s needs in mind.
Bangalore - 560 001.
Tel: +91 - 80 - 6546 2400
COIMBATORE
• Effective management of your Estate
BB1, Park Avenue,
# 48, Race Course Road,
Coimbatore - 641018.
Tel: +91 - 422 – 6552921
during and beyond your lifetime.
• Preparing your Estate for unforeseen
eventualities.
EMAIL
info@altacit.com
WEBSITE
www.altacit.com

6. DEVICES
CHENNAI
3rd Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
• Will.
Mylapore,
• Trust.
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821
BANGALORE
• Powers of Appointment.
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 6546 2400
COIMBATORE
BB1, Park Avenue,
• Property Ownership (joint tenancy
with rights of survivorship, tenancy in
# 48, Race Course Road,
Coimbatore - 641018.
Tel: +91 - 422 – 6552921
common, tenancy by the entirety).
• Gift.
EMAIL
• Power of Attorney.
info@altacit.com
WEBSITE
www.altacit.com

7. CHENNAI
3rd Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
• Wills: A will is a legal document that
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821 lays out the fate of your property after
your death. It states who receives your
BANGALORE
Suite 920, Level 9,
Raheja Towers,
property and in what amounts.
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 6546 2400
COIMBATORE
BB1, Park Avenue,
# 48, Race Course Road,
Coimbatore - 641018.
• Trusts: A trust is an arrangement
where you entrust property to one
Tel: +91 - 422 – 6552921
person or an organization. The person
or trustee is taxed with managing the
EMAIL
info@altacit.com
property on behalf of your beneficiary
WEBSITE
www.altacit.com
or beneficiaries.

8. CHENNAI
3rd Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
Mylapore,
• Power of Attorney: Power of attorney
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
gives a person or organization the
legal power to handle your affairs
Bangalore - 560 001.
Tel: +91 - 80 - 6546 2400
COIMBATORE
BB1, Park Avenue,
# 48, Race Course Road,
Coimbatore - 641018.
when you're unable to do so. The
person or organization you appoint is
Tel: +91 - 422 – 6552921
referred to as an "attorney-in-fact" or
"agent."
EMAIL
info@altacit.com
WEBSITE
www.altacit.com

9. STEPS IN ESTATE PLANNING
PROCESS
CHENNAI
A financial planner performs the following
3rd Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821 steps in estate planning –
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
•Relationship establishment
Bangalore - 560 001.
Tel: +91 - 80 - 6546 2400
COIMBATORE
•Information gathering
BB1, Park Avenue,
# 48, Race Course Road,
Coimbatore - 641018.
Tel: +91 - 422 – 6552921
•Determining the client's financial status
•Draw out a plan of transfer
•Implementing the plan
EMAIL
info@altacit.com
•Regular reviewing of the plan
WEBSITE
www.altacit.com

10. RISKS AND DRAWBACKS
INVOLVED IN ESTATE PLANNING
CHENNAI
3rd Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
• An individual's goals or wishes on how his
assets are to be distributed may not be
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821
BANGALORE
Suite 920, Level 9,
fulfilled
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 6546 2400
• Huge costs of transfer and taxes
COIMBATORE
BB1, Park Avenue,
• An individual's family may be in financial
distress if the process is not properly planned
# 48, Race Course Road,
Coimbatore - 641018.
Tel: +91 - 422 – 6552921
• There may be insufficient liquidity to meet
client's debts in taxes
• Time consuming legal procedures
EMAIL
info@altacit.com
WEBSITE
www.altacit.com

11. BENEFITS
CHENNAI
3rd Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
• Estate Tax Planning - Advanced Estate
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821 Planning to Reduce Estate Taxes
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Reducing estate taxes is generally done
through gifting assets such as highly
Bangalore - 560 001.
Tel: +91 - 80 - 6546 2400
COIMBATORE
BB1, Park Avenue,
# 48, Race Course Road,
Coimbatore - 641018.
appreciated stock directly to loved ones
or to a charity or into a trust for their
Tel: +91 - 422 – 6552921
benefit, or gifting away interests in
closely held business entities such as
EMAIL
info@altacit.com
corporations or limited liability
WEBSITE
www.altacit.com
companies.

12. CHENNAI
This works to reduce the value of the
3rd Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821 owner's estate because once the assets
or business interests are gifted away
BANGALORE
Suite 920, Level 9,
Raheja Towers,
from the owner directly to the
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 6546 2400
COIMBATORE
BB1, Park Avenue,
# 48, Race Course Road,
beneficiaries or into a trust for the
benefit of someone other than the
Coimbatore - 641018.
Tel: +91 - 422 – 6552921
owner, the gifted assets can no longer be
included in the value of the owner's
EMAIL
estate for estate tax purposes.
info@altacit.com
WEBSITE
www.altacit.com

13. CHENNAI
3rd Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
• Legacy Planning - Advanced Estate
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821 Planning to Create a Legacy
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
There are different types of trusts that
can be established not only to minimize
Bangalore - 560 001.
Tel: +91 - 80 - 6546 2400
COIMBATORE
BB1, Park Avenue,
# 48, Race Course Road,
Coimbatore - 641018.
or eliminate estate taxes, but also to
create an ongoing legacy for future
Tel: +91 - 422 – 6552921
generations. Many states allow trusts to
continue for hundreds of years or even
EMAIL
info@altacit.com
in perpetuity, thereby allowing their
WEBSITE
www.altacit.com
residents to establish dynasty trusts for

14. CHENNAI
3rd Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
Mylapore,
their current and future family members.
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Others choose to create a legacy in their
community by setting up charitable trusts
Bangalore - 560 001.
Tel: +91 - 80 - 6546 2400
COIMBATORE
BB1, Park Avenue,
# 48, Race Course Road,
Coimbatore - 641018.
or private foundations that will provide a
self-perpetuating endowment for years to
Tel: +91 - 422 – 6552921
come.
EMAIL
info@altacit.com
WEBSITE
www.altacit.com

15. CHENNAI
3rd Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
• Asset Protection Planning - Advanced Estate
Planning to Keep Assets Safe
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821
BANGALORE
Suite 920, Level 9,
Raheja Towers,
• For those who have accumulated even
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 6546 2400
minimal wealth, the fear of losing it all in a
COIMBATORE
BB1, Park Avenue,
lawsuit can become a great concern. Many
# 48, Race Course Road,
Coimbatore - 641018.
Tel: +91 - 422 – 6552921
advanced trusts, such as Buildup Equity
Retirement Trusts, can not only help to
minimize or eliminate estate taxes, but also
offer the added bonus of protecting the
EMAIL
assets owned by the trust against lawsuits
info@altacit.com
WEBSITE
and divorce decrees.
www.altacit.com

16. CHENNAI
In fact, domestic asset protection trusts
3rd Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821 and certain offshore trusts are specifically
designed to keep assets held in these
BANGALORE
Suite 920, Level 9,
Raheja Towers,
trusts away from creditors and divorcing
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 6546 2400
COIMBATORE
BB1, Park Avenue,
# 48, Race Course Road,
spouses. Other advanced techniques,
such as gifting through a family limited
Coimbatore - 641018.
Tel: +91 - 422 – 6552921
liability company, add an additional layer
of asset protection for the property
EMAIL
owned by the company.
info@altacit.com
WEBSITE
www.altacit.com

17. INDIAN SCENARIO
CHENNAI
3rd Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
Mylapore,
In India, estate planning is generally
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
perceived to be for the rich or wealthy,
who have enough cash, property or
Bangalore - 560 001.
Tel: +91 - 80 - 6546 2400
COIMBATORE
BB1, Park Avenue,
# 48, Race Course Road,
Coimbatore - 641018.
valuables to leave behind for their loved
ones. The fact, however, is that estate
Tel: +91 - 422 – 6552921
planning is essential for all, regardless of
one’s economic standing.
EMAIL
info@altacit.com
WEBSITE
www.altacit.com

18. CASE LAWS
CHENNAI
The battle over the late Priyamvada
3rd Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821 Birla’s will, in the year 2004, brought to
the surface the crucial role played by a
BANGALORE
Suite 920, Level 9,
Raheja Towers,
will and the importance of estate
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 6546 2400
COIMBATORE
BB1, Park Avenue,
# 48, Race Course Road,
planning. There are several other
celebrity cases that have been doing
Coimbatore - 641018.
Tel: +91 - 422 – 6552921
the rounds of the media, where siblings
fight each other over the estate of the
EMAIL
deceased.
info@altacit.com
WEBSITE
www.altacit.com

19. CHENNAI
3rd Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
Mylapore,
As the social and family structure in
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821
BANGALORE
India increasingly turns nuclear and
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
the number of the affluent rises
Tel: +91 - 80 - 6546 2400
COIMBATORE
BB1, Park Avenue,
thanks to the India growth story, the
# 48, Race Course Road,
Coimbatore - 641018.
Tel: +91 - 422 – 6552921
need for proactive ‘estate planning’.
EMAIL
info@altacit.com
WEBSITE
www.altacit.com

20. CHENNAI
3rd Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 6546 2400
COIMBATORE
BB1, Park Avenue,
# 48, Race Course Road,
Coimbatore - 641018.
Tel: +91 - 422 – 6552921
EMAIL
info@altacit.com
WEBSITE
www.altacit.com