India, Aug. 1 -- How often do we hear stories of brothers fighting over the ownership of a piece of land? We may choose to play possum or remain completely ignorant, but the truth is that property disputes are a common spectacle in India, often stemming from inadequate legacy planning by the deceased.

The reason is simple: Estate planning, which includes writing a will, managing succession and transferring assets after the demise of the holder, has remained a deeply private and uncomfortable topic for Indians. The idea of writing a will or transferring the legacy is often postponed until it's too late.

Reports suggest that fewer than 10% of Indians create a formal will in their lifetime, compared to around 46% in the United States, wher...