Ring-fencing of Assets

Case Study No 7 – Ring-fencing of Assets

Second generation business family having business interest in Manufacturing, Real Estate & Exports. Family Business and holdings close to a billion dollars.2 listed companies & 4 International companies.

Family Tree:

Assets:

• Listed Companies, Manufacturing
• Construction Business
• Multiple Real Estate assets spread across various location in India, Dubai & Europe
• Investment Companies
• Art, Artifacts, Cars
• Private Jet
• Jewelry

Objective of Family:

• Ring Fencing of Assets
• Smooth transfer of Assets in the Family
• Separate business assets & Personal Assets
• Consolidation of Assets
• Simplification of the Complex cross holding intra Family
• Contingencies like sudden death, incapacitation to be taken care
• Milestones needs like Education & Marriages to be provided for
• Young Family members should not get direct access to the Family Wealth

Structure:

Recommendations:

• Formation of 2 Asset Protection Trusts for: –

1. Mr. A
2. Mr. X

• Formation of a 4 Private Family Trusts for: –

1. Father
2. Mr. A
3. Mr. X
4. Sister

• Drafting of 7 Wills for: –

1. Father & Mother
2. Mrs. B & Mr. A
3. Mrs. Y & Mr. X
4. Sister