How Parents can seamlessly transfer assets to their NRI Children

Summary

In this episode of NRI Money Clinic, Dr. Chandra discusses the complexities of estate planning for parents with Non-Resident Indian (NRI) children who may not return to India. Expert Mr. Nikil Wagle, a Chartered Accountant and estate planning specialist, shares crucial elements of estate planning, emphasizing the importance of having a will, setting up trusts, appointing local executors, and maintaining liquidity in assets. He also highlights the need for NRI children to open NRO accounts in India and the importance of considering tax implications and legal regulations in both India and the child's country of residence.

Takeaways

• 🌟 Estate planning is crucial for parents with NRI children to ensure seamless transfer of assets according to their wishes with minimal legal and tax implications.
• 📜 A well-drafted will is the cornerstone of any estate plan, essential for expressing how and when assets should be distributed posthumously.
• 💼 Setting up a trust can provide additional control over asset distribution, especially beneficial for substantial or complex assets and wishes.
• 👤 Appointing a local executor or trustee in India is vital for managing assets and legal processes effectively, given the geographical distance of NRI children.
• 🔑 Adding NRI children as nominees to financial assets simplifies and expedites the transfer process, ensuring quick access to inherited assets.
• 🏦 Encouraging NRI children to open NRO (Non-Resident Ordinary) accounts in India facilitates the easy receipt of funds from resident Indian parents.
• 💧 Maintaining liquid assets like cash, bank accounts, and easily sellable investments is advisable for ease of transfer, avoiding forced selling, and providing flexibility for NRI children.
• 🔄 Liquid assets reduce legal complications associated with transferring ownership of physical assets like real estate, which can be complex and time-consuming.
• 💹 Tax implications vary by jurisdiction; inheritance itself is not taxed in India, but income and capital gains from inherited assets are taxable.
• 🤝 A multidisciplinary approach involving professionals like international estate planning experts, chartered accountants, and financial advisors is recommended for effective estate planning.
• 🗣️ Open communication with NRI children about estate plans is essential to prevent conflicts and ensure assets are distributed as intended.

Q & A

What is the primary concern of parents with children who are Non-Resident Indians (NRIs) and have no plans to return to India?

The primary concern is how to seamlessly transfer their assets to their children after their lifetime, considering the legal and tax implications involved in international estate planning.

What is the role of an estate planning specialist in the context of NRI children?

An estate planning specialist helps ensure that the parents' assets are distributed according to their wishes, without legal hurdles, and with minimum tax and legal implications, especially considering the complexities of international laws and regulations.

Why is having a will considered the foundation of any estate plan, even for NRI children?

A will is the cornerstone of any estate plan because it outlines the distribution of assets after the individual's lifetime, which is essential for ensuring that the assets go to the intended beneficiaries.

What is the significance of setting up a trust in estate planning, especially for those with substantial assets or complex wishes?

A trust provides more control over how and when assets are distributed, allowing for specific instructions and conditions to be set, which can be particularly useful for complex estate planning involving substantial assets.

Why is it important to have a local executor for a will or a trustee for a trust in the context of NRI children?

A local executor or trustee is crucial for handling the legal processes more effectively due to their proximity to the assets, which simplifies the management and distribution of assets, especially considering the geographical distance of NRI children.

What is the purpose of adding NRI children as nominees for financial assets?

Adding NRI children as nominees simplifies and expedites the transfer process of financial assets, providing them quick access to the inherited assets without the complexities of legal procedures.

Why should NRI children consider opening an NRO account in India?

An NRO (Non-Resident Ordinary) account in India facilitates the easy receipt of funds from Resident Indian parents and simplifies the process of managing inherited assets.

What are the benefits of maintaining liquid assets in an estate plan, especially for NRI beneficiaries?

Liquid assets like cash, bank accounts, and equity mutual funds are easier to transfer with less paperwork, avoid forced selling at unfavorable prices, provide flexibility for the NRI children to either keep invested in India or repatriate the assets, and reduce legal complications.

How does the taxation of inherited assets differ between India and other countries where NRI children reside?

In India, inheritance itself is not taxed, but the incomes generated from the inherited assets are taxable. In contrast, some countries may impose inheritance tax, and the tax implications can vary based on the jurisdiction, requiring careful consideration of cross-border tax regulations.

What are the key takeaways from the discussion on estate planning for parents with NRI children?

The key takeaways include starting estate planning early, prioritizing liquidity in asset allocation, keeping documents organized and accessible to NRI children, regularly reviewing and updating the estate plan, and maintaining open communication about the plans with the children.

Why is it important to involve multiple professionals in the estate planning process for NRI children?

Involving professionals like international estate planning experts, chartered accountants familiar with international tax laws, and financial advisors ensures a comprehensive approach that covers legal, financial, and practical aspects, reducing the risk of non-compliance and ensuring the plan's effectiveness.

Outlines

00:00

🌏 Addressing Estate Planning for NRI Children

The video script begins by addressing the growing concerns of Indian parents whose children have settled abroad permanently. It highlights the need for careful estate planning to ensure the seamless transfer of assets to their children after their lifetime. The episode features Mr. Nikil Vargis, a chartered accountant and estate planning specialist, who has extensive experience in the field. The conversation aims to provide viewers with expert advice on estate planning, particularly for parents with NRI children who do not plan to return to India.

05:02

📝 Key Components of Estate Planning for NRIs

The second paragraph delves into the complexities of estate planning for Non-Resident Indians (NRIs) and the importance of having a well-prepared will as the foundation of any estate plan. It also discusses the potential benefits of setting up a trust for more control over asset distribution and the necessity of having a local executor in India to manage assets. The paragraph emphasizes the importance of adding NRI children as nominees to financial assets to expedite the transfer process and suggests that they open NRO accounts in India for easier receipt of funds.

10:03

💧 The Significance of Liquid Assets in Estate Planning

In the third paragraph, the focus shifts to the advantages of maintaining liquid assets in estate planning, especially for NRI beneficiaries. Liquid assets, such as cash, bank accounts, and easily sellable investments, facilitate easier and quicker transfers with less paperwork compared to illiquid assets like real estate. The paragraph also touches on the benefits of avoiding forced sales at unfavorable prices, providing flexibility for NRI children to either continue investing in India or repatriate assets to their home country, and reducing legal complications associated with transferring ownership of physical assets.

15:04

🏦 Navigating Tax and Regulatory Considerations

The fourth paragraph discusses the tax and regulatory implications of inherited assets in India and other countries where NRIs may reside. It clarifies that in India, inheritance itself is not taxed, but any income or capital gains arising from the inherited assets will be. The paragraph also addresses the complexities of cross-border estate planning, including the need to consider the tax laws of the NRI's home country and the restrictions imposed by the Reserve Bank of India on the repatriation of inherited assets. It underscores the importance of professional guidance to navigate these complexities and avoid potential legal issues.

🔄 The Importance of Early and Comprehensive Estate Planning

The final paragraph wraps up the discussion by stressing the importance of starting estate planning early and maintaining a balance between liquidity and asset growth. It advises keeping essential documents organized and accessible to NRI children, regularly reviewing and updating the estate plan, and maintaining open communication with children about the estate planning decisions. The paragraph concludes with a reminder that the goal of estate planning is to leave a legacy, not a burden, for the next generation.

Keywords

💡Estate Planning

Estate planning is the process of organizing one's assets and affairs to ensure the efficient transfer of wealth after one's lifetime. In the video, estate planning is crucial for parents with NRI (Non-Resident Indian) children, as it involves navigating international laws and regulations to ensure assets are transferred seamlessly with minimal legal and tax implications.

💡NRI Children

NRI stands for Non-Resident Indian, referring to Indian citizens living abroad. In the context of the video, NRI children are the beneficiaries of the estate planning process, and the script discusses the complexities of transferring assets to them due to their non-resident status and the international legal frameworks involved.

💡Liquid Assets

Liquid assets are financial assets that can be quickly and easily converted into cash without significant loss of value. The video emphasizes the importance of maintaining liquid assets in estate planning, as they facilitate easier and quicker transfers to NRI children, reducing legal complications and avoiding forced sales at unfavorable prices.

💡Trust

A trust is a legal arrangement where a trustee holds and manages assets for the benefit of another person or entity. In the video, setting up a trust is suggested as a way to provide more control over the distribution of assets, especially for those with substantial assets or complex wishes.

💡Executor

An executor is a person appointed to carry out the terms of a will or trust. The script mentions the importance of having a local executor in India for NRI children's estate plans to handle legal processes more effectively due to the geographical distance.

💡Nominee

A nominee is a person designated to receive assets in the event of the owner's death. The video suggests adding NRI children as nominees to simplify and expedite the transfer process of financial assets.

💡NRO Account

An NRO (Non-Resident Ordinary) account is a type of bank account in India for Non-Resident Indians to repatriate or keep their income earned in India. The script encourages NRI children to open NRO accounts to facilitate the easy receipt of funds from their parents in India.

💡Tax Implications

Tax implications refer to the tax consequences of financial transactions or the passing of assets. The video discusses the differences in tax regulations between India and other countries where NRI children reside, emphasizing the need to consider these when planning estates to avoid unexpected tax burdens.

💡Inheritance Tax

Inheritance tax is a tax levied on an estate or inheritance at the time of death. The script explains that while India does not tax inheritance itself, the assets received may be subject to tax on any income or capital gains they generate, and the tax treatment can vary in different jurisdictions.

💡Double Taxation Avoidance Agreements

Double Taxation Avoidance Agreements (DTAAs) are treaties between countries to prevent international double taxation. The video mentions these agreements as a factor in determining how taxes paid in one country can be credited against taxes due in another, particularly relevant for NRI children inheriting assets.

💡RBI Regulations

RBI stands for the Reserve Bank of India, which sets regulations governing financial transactions, including those related to inheritance and repatriation of assets. The script highlights the RBI's restrictions on the amount that can be repatriated by NRI children, emphasizing the importance of understanding and complying with these regulations in estate planning.

Highlights

The importance of estate planning for parents with Non-Resident Indian (NRI) children who have settled abroad permanently.

Estate planning involves careful consideration to ensure seamless transfer of assets to NRI children after the parents' time.

The necessity of having a well-drafted will as a cornerstone of any estate plan.

The potential benefits of setting up a trust for additional control over asset distribution.

The significance of appointing a local executor or trustee in India to handle legal processes effectively.

Adding NRI children as nominees to financial assets to expedite the transfer process.

Encouraging NRI children to open NRO accounts in India for easier receipt of funds.

The advantage of maintaining liquid assets for ease of transfer, avoiding forced selling, and providing flexibility for NRI children.

The role of liquid assets in reducing legal complications and facilitating quick access to inherited wealth.

Tax implications of inherited assets in India and the importance of understanding tax laws in the NRI children's home countries.

The impact of double taxation avoidance agreements on inherited assets.

RBI regulations on repatriation of inherited assets and the limit of $1 million per financial year.

The importance of professional guidance in estate planning to avoid legal complications.

The interdisciplinary approach required for effective estate planning, involving legal, financial, and practical considerations.

The recommendation to work with international estate planning experts, chartered accountants, and financial advisors.

The advice to start estate planning early and prioritize liquidity in asset allocation.

The importance of keeping estate planning documents organized and accessible to NRI children.

The necessity of regularly reviewing and updating estate plans after major life events.

The crucial role of communication with children about estate plans to prevent future conflicts.

The overarching goal of leaving a legacy, not a burden, through proper estate planning.

Transcripts

dear viewers NRA Community is growing

there are a lot of Indian Pride students

who go abroad permanently stay abroad

they built up their carriers it creates

a situation where the parents of these

children are back home and they are

getting old and they are worried about

how our assets can be seamlessly

transferred to our children after our

time it requires careful thought it

requires careful consideration and

certain actions to make sure that this

process is PR is for in this episode I'm

going to talk to expert of the be estate

planning specialist Mr nikil Vargis

yellow this is L money clinic for you

and I'm Dr Chandra convert your

financial guide for a happy

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living NRI money Clinic no hype just the

right

advice in this expert speak section the

expert of the week today is EST planning

specialist is Mr nikil Wes Mr nikil Wes

by profession is a chartered accountant

a person with very good experience of

tickets together in working in estate

planning he has to his credit working

for audit firms like e and PWC in the

past and before he started his own

yellow a startup to democratize the bill

creation and estate planning exercise he

was working as the South India head for

a wealth management firm in India he has

done multiple episodes on our Channel

he's one of the very popular faculty

members here who makes things very

simple for those people who are looking

for services as well as Solutions in the

field of estate planning welcome to this

yet another episode Mr nikil wgas thank

you so much Dr but for having me again

in this conversation and uh would love

to have yet another interactive session

with with you and your audience nikil

let's get started estate planning is a

vast subject let's restrict this to

today for those parents whose children

are nris who have no intention of coming

back India anytime soon or maybe

permanently they'll become the NRS what

is the estate planning that needs to be

done in case of parents of those whose

children are nris so like you said

estate planning is a vast subject to

stick to the today's conversation if I

were to start from there estate planning

is essentially preparing for transfer of

your wealth and your assets after your

lifetime of course you need to also see

how to ensure that these assets are

available for you at during your thick

and thin but it's all about how it's

available for you and how can it

seamlessly transfer to your loved ones

post your life right right but when it

comes to NRI children it becomes a

little more tricky complex to uh you

know navigate because there are

international laws and regulations that

one need to deal with so from that

standpoint the goal specifically would

be to ensure your hardened assets are

distributed according to wishes that's

Point number one and more important

importantly without any legal hurdles

and minimum tax and legal implications

that's the whole objective of how to go

about with an estate planning especially

when you have NRI children estate

planning needs to be done there's no

escape from what are the key components

of this estate planning one 2 three how

would you like to Enlighten my audience

on this absolutely no there are several

you know elements crucial elements

rather uh in in the estate planning

right the first and foremost obviously

is to have a foundational document which

is nothing but a well Ed will right this

is a CornerStore of any estate plan no

matter which country you're looking at

it will becomes Basics but beyond that

if you want to consider setting up a

trust especially if you have substantial

assets or if you have complex wishes

then trust can provide a little more

control over how and when your assets

are distributed that's something which

you can look at Beyond a will but having

said that apart from Will and Trust what

you could look at is whenever you set up

a will or write your own will you should

Ensure that the executor or rather you

have a good executor to you will or a

trusty to your trust who is someone who

resides pretty much in India because

you're looking at Indian assets your

kids are abroad remote situation you

want somebody who is more nearer to the

uh assets to deal with the requirements

right therefore given the GE

geographical distance with NRI children

it becomes much more critical to handle

the legal process more effectively by

having a local executor to your will or

a truste to your trust most more

importantly it's also important that

your NRA children are added as nominees

if that's somebody who is going to get

your assets or your financial assets

wherever possible you should add them as

nominees this kind of simplifies the

entire transfer process it expedites the

entire transfer process and therefore

having your nomination aligning with

your will one makes things very clear

and give quick access to the uh NRI

children but more important because NRI

children may not many of times that I've

seen that right many of times they may

not having a bank account in India and

therefore transfer becomes a little

critical we should encourage NRI

children to open nro accounts in India

which is a non-resident you know account

ordinary accounts in India that will

further facilitate an easy received of

funds from Resident Indian parents when

the time actually comes right and last

Point here would be to keep assets more

liquid in nature uh more so because it's

easily accessible and it is in

particular much more beneficial for NRI

uh

nikil you specifically mentioned this

liquidity aspect of maintaining the

asset why it should remain liquid what's

your suggestion for the audience uh

who's watching this program how they can

make it happen this is pretty much

stemming from our experience right we

have seen you know parents with heavily

invested in illiquid assets and then

kids struggling later point of time to

gain access maintain these assets Etc so

on and so forth and therefore it's more

coming from experience that you know

having liquidity becomes extremely

crucial when it comes to estate planning

when whenever there's NRI beneficiaries

involved what are the broad benefits

that I can elaborate here one of course

ease of transfer right liquid assets

like cash and bank accounts or easily

divisable or sellable Investments like

Equity mutual funds any other Capital

Market instruments can be transferred to

ni children with much more quickly less

paperwork and when compared to physical

assets like real estate properties

commercial agricultural whatnot right it

becomes much more simpler for transfer

of assets the second point would be more

to avoid forced selling why does this

occur because if you have Estates which

mainly consist of illiquid assets Again

Properties like I said earlier it

becomes very difficult for a to kind of

gain access to it and also maintain this

for a long period of time and therefore

they tend to sell them off on

unfavorable prices and you and I know

that when you want to sell always you

are on the you know not on the good side

it's always a buyer's market right and

it becomes very difficult to sell at a

good price and therefore having liquid

assets become much more easier for

family members because you don't need to

worry about these difficulties of

maintaining these properties from a

remote jurisdiction third important fact

here would be that having liquid assets

will bring flexibility for the NRI

children how flexibility because liquid

assets give the N children options now

whether you want to keep yourself

invested in India rather continue with

India growth story or if you think no

I'm not interested I can't understand

the requirement in India they can easily

repatriate these uh assets back to their

home residents or resident country and

uh meet their financial needs in their

prevailing economic conditions in those

countries right and that way it becomes

much more flexible for family and the

fourth Point here would be reduce legal

complications for the kids how

transferring ownership of physical

assets like I said earlier becomes very

complex including lot of paperwork

physical presence and whatnot but liquid

assets are generally tend to involve

very less processes and the whole

process of transfer is much more simpler

as compared to physical assets estate

planning itself is pretty complex in a

large different areas itself one problem

that comes during the estate planning is

today you have nris in almost all

countries a large chunk of them are in

developed countries like us UK Canada

Singapore Australia the taxation of

inheritance in India and in these

countries are different is there

anything that people can do keeping this

taxation of inherited Assets in the

respective countries for these NRA

children what can be thought about in

this line of course yeah you you rightly

said you know the tax complications

legal framework regulatory framework

exchange control framework these are

things that impact when it comes to

again you know multi-jurisdictional

situations are involved right like you

said inate planning itself is complex

planning for this becomes very crucial

technically speaking from an India

standpoint inheritance itself is not

taxed right if you receive any asset be

it from relative non- relative no tax

implications are arising your way if you

were to receive it by way of inheritance

at least this as per the current law

right but once you receive these assets

incomes generated from there on will of

course be taxable including capital

gains will go back to cost of previous

owner what do I mean here is for

instance say if I received certain

assets by way of inheritance I don't see

the value of that asset as on the date

of I received the inheritance but at

what price the actual owner purchased it

therefore tomorrow when I sell it that

becomes the cost basis whatever the sale

price less that cost is what I'll bake

capital gains and that's how India taxes

however the same implications in

offshore jurisdictions in their home

countries needs to be looked at because

there the tax implication could be

different typically speaking receiving

amounts by way of inheritance baring few

countries there is no tax per se unless

you received it from a resident of that

particular jurisdiction whatever I mean

here is that if I as a Indian resident

were to pass on my assets to my kids say

is a US czen there is no inheritance tax

but if I'm a US citizen and these assets

gets passed on to my children who are

also whether US non- US citizen then

there could be potential inheritance tax

whether the asset in is in us or it is

in India it doesn't matter all your

Global assets are exposed so that's

something which we need to look at but

like I said from a tax perspective

broadly if you look at it any incomes

arising will be taxable in the hands of

uh in the India and if they are if those

incomes are also taxable in offshore

jurisdiction then that's one we need

need to look at from which jurisdiction

that we talking about typically the tax

paid in India is available as a credit

for those incomes which are arising in

India in your home country as well now

that's where the double taxation

avoidance agreements Etc comes in place

very fact specific scenarios each

country is needs to be evaluated on a

case- toase basis but more importantly

if you go beyond tax there is also RBI

regulations or exchange control

regulations that is relevant from an

India context wherein RBI restricts

amount of assets that can be repatriated

which are which you have inherited from

your parents as NRI children it becomes

very critical because even though you

have inherited say large chunk of money

RBI only permits you to take $1 million

us per Financial year out of these

inertive assets and for that also

there's good amount of proper procedures

that one need to follow before these

assets can be pulled up aspects like

having a nro account Etc really helps in

having these proceeds receiv received

but the point being that these are

aspects that one need to look at

sometimes even parents you know while

you have NRI children parents in India

also think how do I send money to us or

to any offshore jurisdiction there also

there are restrictions in terms of

parents being able to gift only up to

say

$250,000 as gift per year per individual

right and that's something these are

implications that one need to keep in

mind when we look at from a crossborder

tax and Regulatory scenario nikil these

are the days of do it to yourself

investors do it to yourself Z from the

kind of complexities you spoke around

the estate planning for me it appears is

that it is not possible for anyone to do

it your also I get a feeling that

probably it is a multidisiplinary

approach and probably somebody has to

specialize into estate planning you have

is in this line for more than 15 years

now if somebody wants to do an estate

planning and take the right decision

which are the professionals who need to

be involved in it and how one can ensure

that they take the right decision and

leave no Gap in the restate plan what

the procedure to go about you're

absolutely right no it is actually uh

pretty complex and few things can be

done DIY not everything right when it

comes to regulations Etc it's always

best to take professional guidance as it

because you don't want to be uh you know

be in the wrong side of the law because

you may end up doing things saying it's

obvious why should there be an issue but

end of the day you don't want notices

coming from tax and needes with respect

to you not complying with the required

regulations right so therefore like you

rightly said I'd strongly recommend

working with profession especially on

crossb scenarios now if I look at who

are the kind of professionals that you

need to deal with obviously from an

estate planning perspective you need to

deal with certain expert specializing

International estate planning because

now the person needs to know because

you're looking at parents in one

jurisdiction children in other

jurisdiction you need to have a flare of

how the jurisdictional complexities work

and therefore you know working with an

expert having experience in

international estate planning will be

very crucial second kind of professional

that you need to probably deal with is

chart accountant who are familiar with

both Indian and international tax laws

right again at least if they don't

undertake the compliance they can at

least guide you saying what needs to be

done so that you at least know better

perspective than doing things on your

own because there a high possibility

that if you don't know these things you

may go on the wrong side of the law and

then being non-compliant and the last

thing could be to have very good

financial adviser along with you who can

you know there's more for parents in

India who can give you the right

investment strategy depending on your

requirements objectives to keep one have

assets that are multiplying but also

meeting the liquidity uh needs of your

family so that end of the day it's not

you do these things in Silo all these

needs to come along together and then

that's how a effective Financial or

estate plan for a family kind of happens

right that's how you look at as a

comprehensive estate plan for a family

taking to aspects Legal Financial and

more importantly practical aspects which

makes things much more robust for you n

the idea of this episode is to draw the

attention of our viewers to do the

estate planning well ahead of time and

in a right way before I let you go can

you take us through a synopsis or a

summary of what you said for the

audience because I know it's a complex

subject one two three four things what

audience have to keep in mind absolutely

I would say the quick takeaways from

this would be that start planning early

very important estate planning is not

something that you leave until the last

minute it's something that you should

I've done as of yesterday two could be

prioritize liquidity in your asset

allocation like I said earlier but

maintain a balanced portfolio for

yourself right that's important to meet

your objectives but having liquidity as

a priority becomes important more so

from the ease of access for your

children third could be keep your

documents organized ensure these

information about those documents are

available with your NRI children so that

they know where to find when the time

comes fourth could be regularly review

and update your estate plan especially

after major life changing events changes

in your family changes in your asset

scenario then you should look at

updating typically what I advise my

clients is that at least once in a year

look at your do estate planning

documents could be a will trust what not

if nothing needs to be done great at

least you have peace of mind if not it's

time that you go back and update your

and the fifth aspect would be

communication communication is extremely

crucial when it comes to anything that

we're talking about here discuss your

plans very openly with your children if

possible because lastly it surprises is

what results in one loss of assets and

more importantly conflicts between

siblings at a later point in time why do

you want to get there if you have the

opportunity to have a conversation have

that open conversation if not at least

somebody should know about the existence

of the estate plan the last thing that

you want is that you do all of this and

family has no clue about what you have

done and they assume that there's

nothing is been done and start as if

there's no estate plan in place right

the important Point here like a final

takeaway from my end would be that the

important aspect here would be that for

you for everybody here is that the goal

is to leave a legacy and not a burden

for your children right with a proper

planning you can ensure your hardened

assets are benefiting your NRI children

as you in you know intended it right and

it should not be a burden tomorrow that

after you're gone your children blaming

you saying why was there such a mess

that I have to deal with now right with

that note I think that' be a good way to

kind of take away for the audience here

in terms of why this is extremely

crucial because if your assets are not

going to the intented person in a smooth

fashion it is always going to be a

burden for your children and therefore

planning early becomes extremely good sh

nikil thank you very much for all these

thoughts and enlightening my audience on

the need of this estate planning I keep

calling you again and again we look for

Solutions people are searching for and

uh thank you very much for your kindness

to come on my show share all these

inputs for the benefit of our audience I

remain in gratitude to you for your

kindness thank you very much sir thank

you so much Dr but to again invite me

and have this conversation with you and

your audience I know there's a we have

kind of touched upon the surface we

can't get into Integrity then you need

to speak for hours around this right but

that said you know if there are any

specific requirement obviously your

audience can reach out to you and you

know the right advice can be given but

that said thank you so much for having

me on board look forward to having many

more many more such conversations with

you and your audience thank you so much

dear viewers hope the video I've done

today with the expert of the week Mr

nikil watus gave you the reason why you

should be looking at estate planning as

early as possible for smooth transfer of

these assets which are held by you to

your NRI children if it did give you the

right direction please do give me a

thumbs up for those of you who are at to

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