Estate and Succession Planning

If you have a business which you want to provide to your successor or want to bequeath your wealth to your successor you require a plan to pass the business or wealth, for that you require a succession plan to provide for your business and an estate plan to provide for your wealth. This will not only reduce the tax liabilities of transferring ownership and wealth but also will make the process simple, effective and smooth. Family succession plan can contain many issues and problem with transfer of ownership, which we understand. So in order to make your service smooth we use our experienced staff that has years of experience in creating such plans and also finely developed interpersonal skills in order to quell any discomfort with such plans.

We work with your family well in advance of the anticipated transition to ensure that tax, communication and industry-specific issues are addressed while helping you maintain your business and keep the family relationships throughout the process.

Facilitation Services

In this we provide services of active listening and improving strained family relationship during the process of wealth and business succession. We help clarify your wealth transition objectives and identify and solve issues which might arise.

Business Succession Planning

There are ways of changing the structure of business before or after death to reduce the roadblocks which may come up due to business succession. These include setting up trusts, gifting assets and reorganizing the business structure. We will help come up with a business plan which will improve the transition of business and maximize benefits for you and the heirs.

Trust Planning

Inter-vivos trust established before your death can be used for the following:
  • Taking advantage of tax planning opportunities, including income splitting
  • Safeguarding your assets and property from claims of creditors
  • Reducing fees
  • Holding shares in a family-owned company
  • Maintaining controls over the family wealth and use this to pass it to beneficiaries

All transfer of wealth can incur huge tax implications if the beneficiaries reside in a different location and we can use our experience in minimizing the tax considering of extra-jurisdictional issues. In order to keep checks and balances on the tax implications we provide will planning and review services as this will take into account all of the possible tax implication. Through our tax, valuation and corporate finance services, we have the right mix of professionals to help you with planning for disposition of a significant asset.