The Next Generation
A handover goes better when the next generation understands how the family’s holdings work, and why they were set up that way.
Preparing for a Handover
Most of this applies whether you are preparing to hand over or taking over yourself.
How the Structure Fits Together
We map which company owns what, which trusts hold what, and who can sign for each.
The Reasons Behind It
We record why each company and trust exists, while the people who made those decisions can still explain them.
Learning the Responsibilities
We run walk-throughs where the next generation can ask questions and see what looking after the holdings involves.
If You Have Already Inherited
We piece together how the holdings work from the deeds, minute books and financial records, so you can see what you are now responsible for.
Gifts to Children
Each gift is recorded, and its tax consequences considered before it is made.
Family Meetings
We prepare agendas, record decisions and follow up on agreed actions, so each meeting builds on the last.
How We Help
We help both generations understand what the family owns, and why.
Family Governance
We prepare and follow up meetings that introduce the next generation to the holdings and their responsibilities.
Business Succession
We plan the handover of the family company and record the reasons for each step.
Estate Planning
We plan what passes, through which company or trust, and when.
When to hand over, and to whom, stays with the family. Your lawyer drafts any new will, trust or shareholder agreement.
Plan the Handover
Bring your children, or come alone. If you are taking over, you can reach out yourself.