Succession planning is an important process for Non-Resident Indians (NRIs) to ensure that their assets and businesses are transferred to their heirs in a smooth and efficient manner. Here are some steps that NRIs can take to plan their succession:

1. Identify your assets and liabilities: Make a list of all your assets and liabilities, including financial assets, real estate, and business interests. This will help you determine the value of your estate and the potential tax implications.
2. Plan your estate: Work with a lawyer or estate planner to draft a will or trust that outlines how you want your assets to be distributed after your death. Make sure the will is valid in both the country of your residence and India. Consider appointing an executor who can manage your assets and ensure they are distributed as per your wishes.
3. Train successors: If you have business interests, it’s important to train your successors to take over your responsibilities. This can involve mentoring them, providing them with access to important business information, and gradually handing over responsibilities to them over time.
4. Consider tax implications: Inheritance and estate tax laws can vary depending on the country of residence and citizenship. NRIs should consult with a tax advisor to understand the potential tax implications of their estate plan and take steps to minimise tax liabilities.
5. Review your plan regularly: Estate planning is an ongoing process and should be reviewed regularly to ensure that it reflects any changes in your circumstances or wishes. It’s important to update your plan if you acquire new assets, have new children or heirs, or if there are any changes in the tax laws.

Remember that succession planning is a complex process that involves many different factors. Working with professionals such as lawyers, accountants, and tax advisors can help ensure that your plan is well-crafted and tailored to your specific needs and circumstances.