New Delhi, July 1 -- We often encounter a curious paradox in our more than two decades of practice. On one end are families who believe they have "too little money" to define financial goals. On the other are high-net-worth families who believe they don't need financial goals because they already have enough money to afford whatever they want.

In reality, everyone has financial goals. As wealth grows, those goals don't disappear-they become larger, more nuanced and significantly more complex.

For many families, financial goals are relatively straightforward: funding a child's overseas education, retiring early, taking international holidays and ensuring adequate health insurance.

As net worth rises, however, those goals undergo a struc...