PART 2 OF 3: PRIVATE WEALTH MANAGEMENT
Succession Planning
Preparing the people, decisions and structures that carry wealth forward.
Succession Planning is about more than transferring assets. It means preparing your family, business interests, wealth structures and future decision-makers for what comes next.
More than documents
Succession is a family conversation before it is a financial strategy.
Put the pieces in place. Assemble your strategy.
Who should make decisions if you cannot?
How should children be treated fairly when their circumstances are different?
When should the next generation be brought into the conversation?
What happens to the family business?
How do you help children financially without creating dependency?
How do you protect wealth without damaging trust?
How do you make sure your intentions are understood?
“...clear, tailored advice that gave us complete confidence in our financial future.”
Our succession planning
What Succession Planning Can Cover
01. Family Succession
Family Succession & Estate Planning
Helping ensure your wishes, structures and family circumstances work together before legal documents are finalised.
- Clarify your estate planning objectives
- Review trusts, superannuation, companies and control arrangements
- Coordinate with your solicitor so documents reflect the broader family strategy
02. Business Succession
Business Succession
Helping business owners plan how value, ownership, leadership and family involvement should transition over time.
- Consider future ownership and exit options
- Plan for leadership, control and family involvement
- Align the business with retirement funding and broader family wealth
03. Wealth Transfer
Wealth Transfer
Helping families provide support during their lifetime in a thoughtful, affordable and well-documented way.
- Consider gifts, loans and family support strategies
- Understand the impact on affordability and other family members
- Reduce confusion, dependency and unintended consequences
04. Next Generation
Next Generation Engagement
Preparing the next generation to understand wealth, responsibility and future decision-making roles over time.
- Build financial understanding gradually
- Prepare future trustees, attorneys and decision-makers
- Support family conversations around values, structures and responsibility
05. Family Governance
Family Governance
Helping families create a clear and trusted way to make decisions as wealth, structures and responsibilities become more complex.
- Define roles, responsibilities and shared objectives
- Establish family meeting rhythms and communication practices
- Preserve trust and reduce uncertainty across generations
01. Family Succession
Helping ensure your wishes, structures and family circumstances work together before legal documents are finalised.
- Clarify your estate planning objectives
- Review trusts, superannuation, companies and control arrangements
- Coordinate with your solicitor so documents reflect the broader family strategy
02. Business Succession
Helping business owners plan how value, ownership, leadership and family involvement should transition over time.
- Consider future ownership and exit options
- Plan for leadership, control and family involvement
- Align the business with retirement funding and broader family wealth
03. Wealth Transfer
Helping families provide support during their lifetime in a thoughtful, affordable and well-documented way.
- Consider gifts, loans and family support strategies
- Understand the impact on affordability and other family members
- Reduce confusion, dependency and unintended consequences
04. Next Generation
Preparing the next generation to understand wealth, responsibility and future decision-making roles over time.
- Build financial understanding gradually
- Prepare future trustees, attorneys and decision-makers
- Support family conversations around values, structures and responsibility
05. Family Governance
Helping families create a clear and trusted way to make decisions as wealth, structures and responsibilities become more complex.
- Define roles, responsibilities and shared objectives
- Establish family meeting rhythms and communication practices
- Preserve trust and reduce uncertainty across generations
The family table
Succession planning brings the right people into the right conversations
Those who created the wealth
Your intentions, values, financial security and wishes sit at the centre of the plan.
Those who may receive or manage wealth
Children, grandchildren, future trustees, executors, attorneys and directors may one day carry significant responsibility.
The structures that hold the wealth
Family trusts, companies, SMSFs, businesses, property and investment portfolios all need to be considered in context.
The advisers who support the plan
Your accountant, lawyer, financial adviser and other professionals each have an important role to play.
The questions beneath the plan
What does fair look like?
Fair does not always mean equal.
Children may have different financial positions, circumstances, capabilities or needs. We help families define, explain and reflect fairness in the plan.
Who should be trusted with control?
Control can be just as important as ownership.
We help families consider who should act as executor, attorney, trustee, director or decision-maker, and whether they are ready for the responsibility.
What should be protected?
Family wealth may need protection.
It may need protection from poor decisions, relationship breakdowns, business risks, creditors or unintended outcomes. We help identify where protection is needed and where flexibility should be preserved.
When should wealth transfer?
Some families provide support during their lifetime.
Others prefer wealth to transfer later. We help consider timing, affordability, tax, retirement security, family expectations and the impact on the next generation.
How much should the next generation know?
Not every family conversation needs to happen at once.
We help families decide what to share, when to share it, and how younger generations can be prepared gradually.
What legacy are you trying to leave?
Legacy is not only financial.
For many families, it also includes values, responsibility, generosity, education, stewardship, family connection and the ability to make good decisions over time.
What happens if circumstances change?
A good succession plan should be able to evolve.
Family circumstances, relationships, financial needs and legislation may change over time. We help families review their arrangements, identify where flexibility is needed and ensure the plan continues to reflect their intentions.
Who will oversee the plan over time?
A succession plan needs ongoing oversight.
The right people need to understand the plan, their responsibilities and when decisions should be made. We help families establish clear roles, accountability and a process for reviewing the plan over time.
The best succession plans answer more than “who gets what?”
Advice that sits across generations
We help connect the family, the wealth and the advice.
“I feel reassured our retirement planning is in good hands.”
The outcome
A family better prepared for what comes next.
Intent
Your wishes, values and priorities are understood and reflected in the plan.
Continuity
Your family, business interests and wealth structures are prepared for future change.
Readiness
The people who may receive wealth or take responsibility are better prepared.
Protection
Important assets, relationships and responsibilities are considered before decisions are made.
Confidence
Your family and advisers have a clearer path to follow when the time comes.
Plan for the people who come next
Succession Planning is the second part of an integrated wealth relationship
Start a conversation
A clearer path begins with a conversation
Whether you are considering a significant decision, reviewing your current arrangements or simply want greater clarity, we would be pleased to hear from you.
(03) 8696 4133