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Value in Business Assets

Business and Asset Succession is Multidisciplinary

Develop a legal plan to lead your business through succession and ownership changes

For private, owner managed or family-owned business

A solid succession plan can drive the growth of the business, reduce future taxes, integrate into family trusts and wealth protection and provide for a seamless retirement.

We work with your accountants, or financial advisers to address business succession planning strategies and agreements.

Alternatively, we can implement and draft agreements that have been agreed.

Meet Our Wills & Estates Senior Lawyers

Jaswinder (Jas) Sekhon

Jaswinder (Jas) Sekhon

Managing Director

Jaswinder has a fresh revitalizing approach to law which has led to outstanding results. Admitted to practice as a solicitor/barrister in four countries, with over 30 years’ experience in wealth, finance, tax, trusts, funds, and structures. Jas equally enjoys strategic work for clients in disputes, emerging, criminal or family law.

Jennifer Cheal

Jennifer Cheal

Senior Associate/Practice Manager

As the practice director, Jennifer is a consummate professional and simply an outstanding lawyer. She has a great eye for relevant detail and yet also a wonderful sense of perspective in devising and implementing legal strategies.

Business Succession Planning

There are FOUR Crucial Components of a Well Though Out Succession Plan

  1. Family needs
    • Family goals
    • Family communication and information
    • Estate planning
    • Gifts before death
    • Insurance and investments
    • Establishing a family office in a low tax jurisdiction
    • Protecting the business from rogue family members
  2. Shareholder and stakeholder needs
    • Family goals
    • Family communication and information
    • Estate planning
    • Gifts before death
    • Insurance and investments
    • Establishing a family office in a low tax jurisdiction
    • Protecting the business from rogue family members
  3. Business and asset needs
    • Business and asset strategy assessment
    • Management is an asset – assessment
    • The local and global corporate structure
    • Insolvency protection
    • Renewal and retirement of businesses and assets
  4. Privacy and confidentiality
    • Public disputes and arbitration processes
    • Identifying the needs of disgruntled family members
    • Plans for limiting the damages for breach of privacy

Why Succession Plans are The Next Stage of Estate Planning

The consideration of a range of critical events apart from death. These include:

  • Mental and physical incapacity – yours or a beneficiary’s
  • Bankruptcy or business failure – yours or a beneficiary’s
  • Divorce – yours or a beneficiary’s
  • Retirement, or
  • The potential for disputes between beneficiaries over the Will
  • Family Law Financial Agreements – to regulate ownership of assets in a relationship
  • Testamentary trusts – these trusts can be created by your Will and come into existence after you pass away.
  • The use and integration of insurance as an asset in your plan, as part of a business succession scheme to cover debt or income, or simply to bolster the wealth of a future estate
  • Incorporation of a retirement plan as well as investment and wealth accumulation strategies

What Is Estate Planning?

More than a will?

Estate planning is not just about having a will. It involves the review, management and control of your personal, family and business affairs and assets – while you are alive and when you pass away.

Estate planning can be as simple as having a will, but often involves powers of attorney, enduring guardianships and sometimes more where there are complex global, wealth and family arrangements.

A well-considered Estate Plan can cover your:

  • Current lifestyle needs
  • Retirement plans
  • Business arrangements
  • Tax position
  • Future critical events such as divorce
  • Health scares and family disputes as well as ensuring your assets go exactly where you wish them to go
  • We understand your unique circumstances and can help establish an estate plan that’s right for you

We Are Here To Help

Our dedicated wills, and Estate planning lawyers have a thorough knowledge of this potentially complex area. We can advise you on:

  • Completing and updating a will
  • Preparing powers of attorney
  • Preparing enduring powers of guardianship
  • Administration of a deceased estate, including superannuation and death benefits, and Will disputes

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