Planning starts with an inventory of assets, business interests and obligations, together with an understanding of the family’s circumstances. The analysis considers alternatives for transferring and managing property and the consequences of the proposed instruments. Gifts, wills and corporate structures are assessed alongside their family, tax and registration implications, with assumptions and outstanding information identified before implementation.
For a family-owned business, succession also affects voting rights, management and operations. Shareholder agreements and governance arrangements can clarify the roles of owners, family members and directors. Ownership of a business interest and management may call for different arrangements, and the documents need to make those distinctions understandable to the people who will use them.
The practice covers estate administration, asset division and property issues arising from changes in family relationships. Where disagreements arise, assessment considers the records, scope for negotiation and relevant court procedures. Matters are handled with attention to confidentiality and to the effects that decisions about property may have on both individuals and businesses in which they hold interests.
Scope of Work
- Wealth structuring and succession planning.
- Gifts, wills and instruments for transferring assets.
- Family business governance and ownership succession.
- Estate administration, asset division and family property matters.
- Negotiation and representation in family disputes.
In Practice
Does family-business succession involve more than transferring assets?
Yes. Ownership of shares, voting rights and management require distinct decisions. Planning connects family arrangements to corporate instruments and to the property, tax and registration effects of the alternatives under consideration.
For an Initial Discussion
Explain the family arrangements, assets or shareholdings involved and the purpose of the enquiry. Identify any existing instruments, estate proceedings, division of assets or disagreement that needs consideration.
Contact the firm.