Succession Planning

Pascoe Partners offer independent professional advice to help clients find the right solutions.

Developing a succession plan is not easy.

Our clients and their families have heavily invested in the businesses they own – financially and emotionally. Intergenerational transfer involving parents and siblings at different life stages, living in different states or countries, and with different priorities, can be difficult to manage.

And even before you get to that stage, it’s important to have a contingency plan in place to minimise the impact to your business if someone becomes incapacitated.

When it comes to succession plans, we can help you to:

• Identify your assets and the beneficiaries involved in your plan
• Understand the implications of changing ownership arrangements, consider whether the asset should be transferred sooner rather than later, and whether it should be governed by a will, a trust deed or a business succession agreement
• Make sure you have the professionals you need to execute your plans effectively, and work with them on your behalf as part of a team
• Review the succession plan regularly, or when circumstances or tax laws change
• Implement the plan effectively, and ensure the transfer process is as easy and smooth as possible