New Delhi, May 28 -- When a 57-year-old woman in Bengaluru was diagnosed with cancer a few years ago, the possibility of entering remission prompted her to think practically about life ahead. Her elder daughter lived in the US, while her younger daughter was in India, pursuing a career in medicine.

Recognizing that a medical emergency could leave her daughters in a state of helplessness, she drafted a living will, establishing a clear medical line of command. The woman, who does not wish to be identified, nominated her medically trained daughter as the decision-maker to help ease guilt for the family.

Estate planning in India has focused on securing one's legacy by distributing real estate, fixed deposits and other assets to the next ge...