BUSINESS SUCCESSION AND THE FAMILY BUSINESS

Did you know it’s often said family wealth only lasts three generations?

This is not surprising given that many family business owners have yet to take steps to secure the long term future of the business by putting in place a clear succession plan.

Our dedicated Private Client team of experts understand the particular issues which can arise when thinking about succession in the case of a family business. Your particular wishes and objectives may depend on the extent to which your children are involved in the business, giving rise to common dilemmas which can be addressed with careful forward planning.

Making or reviewing the provision in your will should be a priority. Our experts will take the time to understand your concerns and objectives. We will guide you through the process and the choices you need to make including tax efficient wills and effective structures to secure the future of the family business.

We work closely with other professionals such as commercial lawyers, your accountant and financial advisers to provide a joined up approach for effective planning for the future, for the benefit of your family and the family business.

We will be delighted to arrange a no obligation meeting for you with one of the team to discuss your personal planning requirements and how we can help.


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MAIN CONTACTS

PARTNER

Claire Johnson

CLAIRE JOHNSON

Partner, Cardiff

+44 (0)29 2039 1728
email
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PARTNER

Erica Thomson

ERICA THOMSON

Partner, Nottingham

+44 (0)115 983 3745
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