Henley & Partners' Dominic Volek discusses the growing importance of residence, citizenship, and education planning for India's wealthy families. He highlights how globalisation has led to a shift in family dynamics, with children studying and working abroad, businesses operating across borders, and assets spread across different jurisdictions. This shift has created a demand for flexibility in residence and citizenship, as well as a need to consider education and mobility options. Volek emphasises the importance of a comprehensive wealth planning approach, where residence and citizenship are integrated into a broader strategy that includes investment, tax, trusts, and succession planning. He also discusses the role of advisers in initiating these conversations and the potential for Henley & Partners to complement existing advisory relationships. Overall, the article underscores the evolving nature of wealth management for India's global families, where a holistic approach is essential to navigate the complexities of an internationalised world.
