Succession Planning

We advise on succession planning for family assets and family businesses, looking at the transition of wealth or control from one generation or person to others. This may involve thinking about ‘family governance’ – often, this means preparing a ‘family charter’ or ‘family constitution’ so that all family members help to define the active or passive roles they will hold, and discuss their wishes and expectations.

Some families may want a plan to develop a new structure (such as a trust or foundation) to hold and manage family wealth for the benefit of multiple family members. Others may want advice on how to make the best use of their existing arrangements, or help with planning and managing a project to buy, sell or reorganise assets.