Passing a business to the next generation takes more than a will. The most successful transitions combine legal structure, tax planning and open conversations within the family.
Beyond the will
Consider shareholder agreements, trusts, lifetime gifts and the tax reliefs available for business assets. Each interacts with the others, and each should be reviewed regularly.
Starting the conversation
We often begin with a facilitated discussion between family members, so that expectations are aired before the structure is finalised.