New Delhi, Aug. 7 -- Most people spend years accumulating savings, buying insurance, investing in mutual funds and opening retirement accounts. But very few stop to consider a simple question: if they were no longer around, would their family know where to look for those assets?

Today, a person's finances are rarely confined to one bank account or a single investment. Savings may be spread across multiple banks, mutual funds, demat accounts, insurance policies, provident fund accounts and digital platforms. Unless someone keeps a clear record, family members may struggle to identify everything that belongs to the deceased, delaying access to money when they need it most.

Estate planning professionals say this is where a financial invent...