Despite India’s rising affluence, a recent study reveals that trust remains a major hurdle in wealth transfers across generations. Families with significant assets are increasingly reluctant to pass on wealth early, fearing misuse, entitlement, or family disputes. Financial planners note a lack of structured succession planning, with many still relying on informal verbal agreements or outdated wills. This hesitation is particularly prevalent among first-generation wealth creators, who are wary of diluting control. Experts stress the need for formal mechanisms like trusts, family charters, and clear communication to ensure smooth transitions.