I'm planning my estate. How do I ensure a smooth asset transfer?

I'm a 57-year-old man in India finalising my estate planning to ensure a smooth transfer of assets to my children and avoid disputes.

- Aditya Chopra & Moxy Shah

I've consulted friends and colleagues on the key documents needed. How should I proceed?

—Name withheld on request

Effective estate planning goes beyond drafting a will. It ensures assets are transferred as per your wish, under Indian law, and minimising stress and conflict for loved ones. Here are key components to consider in an estate plan in India:

Drafting a will: A will is the cornerstone of any estate plan. It is a legal declaration specifying how your assets will be distributed after your death. A well-drafted will should be clear, up to date, and ideally signed in the presence of two witnesses. While registration is not mandatory, doing so can help reduce the chances of disputes over its authenticity.