Inheritance planning is an important process for Non-Resident Indians (NRIs) to ensure that their assets are distributed according to their wishes after their death. Here are some steps that NRIs can take to plan their inheritance:

1. Draft a will: A will is a legal document that specifies how your assets will be distributed after your death. It’s important to have a will in place, especially if you have assets in multiple countries, to ensure that your assets are distributed according to your wishes. Make sure your will is valid in both the country of your residence and India, and appoint an executor who can manage your assets and distribute them as per your wishes.
2. Consider trusts: A trust is a legal arrangement that allows you to transfer your assets to a trustee who manages them on behalf of your beneficiaries. Trusts can be a good option if you have minor children, as they can ensure that your assets are managed for their benefit until they reach adulthood. Trusts can also be useful in avoiding probate and reducing estate taxes.
3. Be aware of inheritance laws: Inheritance laws can vary depending on your country of residence and citizenship. In India, inheritance laws differ depending on the religion of the deceased. It’s important to be aware of these laws and how they may affect your inheritance planning.
4. Review beneficiary designations: Make sure to review the beneficiary designations on your financial accounts and insurance policies to ensure that they reflect your wishes. Beneficiary designations take precedence over your will, so it’s important to keep them up-to-date.
5. Consult with a professional: Inheritance planning can be complex, especially for NRIs who have assets in multiple countries. Consider consulting with a financial advisor, lawyer or accountant who is familiar with inheritance laws in both your country of residence and India to ensure that your assets are distributed according to your wishes.

Remember that inheritance planning is an ongoing process and should be reviewed periodically to ensure that it reflects any changes in your circumstances or wishes.