Succession Planning Optionsin India — Compared
Six ways to pass your wealth to the next generation. Understand the differences, trade-offs, and when each option is right for you — then click any option to explore it in depth.
All 6 Options at a Glance
Click any card to reveal its full breakdown below — pros, cons, costs, tax, and suitability.
Click any card above to open its comprehensive pros, cons, costs & legal breakdown below
Side-by-Side Comparison
Key attributes across all 6 succession options.
| Feature | ||||||
|---|---|---|---|---|---|---|
Takes Effect | After death | Immediately | Immediately | Immediately | Immediately | After death |
Revocable? | ✅ Yes | ❌ No | ⚠ Via deed | ⚠ Partial | ⚠ With consent | N/A |
Probate Required? | Now optional | ❌ No | ❌ No | ❌ No | ❌ No | ✅ Court process |
Who Can Use It? | Any adult | Any adult | Any adult | Hindu/Sikh/Jain/Buddhist | Any adult | Everyone (default) |
Approx. Cost | ₹10K–50K | ₹5K–30K+ | ₹1L–5L+ | ₹10K–40K | Minimal | ₹30K–2L+ (court) |
Ongoing Admin? | Low | None | High | Medium (ITR) | None | Court-driven |
Asset Protection | Moderate | Low–Moderate | High | Moderate | Moderate | None |
Recommended? | ⭐⭐⭐⭐⭐ | ⭐⭐⭐ | ⭐⭐⭐⭐ | ⭐⭐⭐⭐ | ⭐⭐⭐ | ❌ Avoid |
Click any column header to open its full detail breakdown above.
A Will is where most people should begin.
Regardless of whether you also set up a Trust, HUF, or Joint Ownership, a well-drafted Will is the cornerstone of any succession plan. Create yours today — it takes less than an hour with iWills India.
Educational Tool Only: The information provided is for general awareness and comparison. It does not constitute personalised legal, tax, or financial advice. Every individual's circumstances are different. Please consult a qualified legal or financial adviser before making any succession planning decisions.