Our Private Client practice is a multi-disciplinary team made up of lawyers who assist a number of our clients with succession planning matters. Our recent experience in this sphere includes:
- advising the shareholders of an insurance brokerage business in relation to changes within the corporate structure in order to involve the next generation in the business
- advising a high net worth individual in relation to passing on wealth to next generation in a tax efficient manner, including the relevant tax and legal benefits of putting in place a partnership structure for family members
- assisting a high net worth individual with implementing a discretionary trust structure in respect of high value assets
- advising family members on oppression of minority shareholder issues including breakdown at board level in the overall management of the business. Our proactive advice has at times been instrumental in saving a family business from implosion and/or avoiding a public airing of the dispute by resolution of matters at mediation
- advising family members on inheritance issues resulting in mitigation of resulting tax liabilities and management of succession act rights of family members