India has witnessed a manifold increase in both the number and the wealth of High Net-Worth Individuals (HNIs). Forbes’ rich list for India of March 2020 named 102 billionaires—individuals or families with a combined wealth of more than $300 billion. On the other hand, research statistics and empirical evidence all suggest that a business run by a family seldom lasts for more than three generations, with a survival ratio of only 3 per cent by the third generation. This manifests into the need for a more intense focus that HNIs should devote towards wealth preservation and succession planning. HNIs need to transform the way they hold wealth and make investments and leverage on modern-day ecosystem enablers such as family offices while setting up family charters or constitutions along with trusts.