QUAISH BIZSENSE PRIVATE LIMITED

In their own words

A Note on Quaish The business idea: Quaish was formed around personal experiences of the founders while handling the estate of their deceased parents. In India (and most countries), inheritance remains a difficult subject to broach, but an even more difficult process to execute. The processes that transfer legal ownership and establish heir, is a function of the judicial system, municipal and other government records, banks, stock markets, insurance companies, housing societies etc. It is not only cumbersome, time consuming and expensive, but also extremely exhausting, especially if dealing with the immediate social challenges of a loss. While there are independent lawyers and law firms which deal with succession planning as a procedural matter a.k.a Will Making, Probates, Trust Formation, Trust Management, Guardianship etc., in our experience we found the following issues – (a) A complete 360 degree view: Most saw the issues as a documentary exercise from the view point of either Testator ( the one leaving the estate behind ) or the Beneficiary ( the inheritor ), but never in totality. (b) Separation of the advisory side of the planning from the execution side of the plan. (c) Separation of Retirement Planning vs Succession Planning (d) Objective driven plan – for example allocating assets to specific objectives ( like education, marriage, home building, charities ) for the beneficiaries vs allotting assets or share of assets as simple ‘hand-overs’ (e) Help in performing the procedural and clerical activities and documentation – As important for beneficiary and testator, this is the most time consuming and expensive set of activities which causes last-mile delays and failures. Ex: taking Probates, filing for Succession Certificates, name transfers etc. (f) An orderly record of all assets and liabilities of the testator – very obvious but usually haphazard, most testators do not get to organize critical information in a centrally accessible repository (especially electronically) for their beneficiaries to access. Neighborhood or even family lawyers do not help in ALL of these activities and leave large portions to be executed by the heir, thus defeating the very purpose of inhertitance. Our solution: Quaish brings together all the above solutions into a single interface for both Testator and Beneficiary. In today’s world, where heirs are located in different parts of the country or the world, where travel is difficult, expensive and time consuming, we have used technology to bridge the gap. Our portal www.Quaish.in brings together all the above aspects – planning to execution – in an easy to use, globally accessible, low latency, low contact ( or even contact-less ) platform that keeps all parties informed at every stage of the process they signed up for, and further helps execute the end-objective as per the wishes of the Testator. In short it will be the FIRST GLOBAL INHERITANCE PLATFORM which will enable giving or receiving Inheritance in a non-intimidating, transparent and contact-free way through a TECH Enabled platform.

Written by the company on its public Startup India profile. Not verified by us.