Family & Succession Planning

While change is inevitable, determining an effective succession strategy for your family can be one of the most challenging topics to navigate. Transitioning your business, wealth or property portfolio may seem straightforward, however it requires careful and nuanced planning that considers financial, tax, regulatory, legal and emotional issues, as well as the evolving tax and regulatory regime.

We understand these issues, having advised private clients on their family succession planning for over 30 years. We can advise on relatively simple succession plans with known successors, through to complex plans with no known successors, as well as large and wealthy family groups.

We provide end-to-end guidance from exploring and optimising tax outcomes through to creating a succession plan and stakeholder engagement. In our experience, the earlier you engage on succession, the greater likelihood your stakeholders will be supportive of the plan.

Succession and beyond

Once we understand your goals, we can guide you through the process, from identifying potential successors, developing a plan for transferring ownership, preparing for a smooth transition and tax / risk mitigation.

Our advice also extends to providing ongoing guidance and support once the transition has taken place to ensure family members are comfortable with their new roles and responsibilities.

At all times, we act with the highest integrity and discretion.  

We can help you with

• Tax planning and optimisation
• Business exit plans
• Developing the succession plan
• Identifying successors
• Family readiness and education
• Stakeholder engagement
• Post transition support