Effective succession planning requires a strategic view of how you and your family want to pass on your wealth and business interests. Our extensive experience of working closely with families on their wealth succession planning, is that it is key to understand what different family members really want and need. 

You can work with us to define your own and your family's objectives. We will advise and share the experiences of other families who have gone through a similar process. You will be able to put in place robust succession plans that will stand the test of time. We can also help you have the, sometimes difficult, conversations with family members that underpin succession planning.

The planned reforms to IHT for business owners will take full effect from April 2026. It is important for you to consider how the new rules will impact on your family's financial future and how the changes affect any succession planning you already have in place.

Book a no obligation conversation to discuss your succession planning needs with our tax experts: Lorraine Nelson, Maybeth Shaw, Chris Hodgett.

Succession planning tailored to your unique situation

Establishing succession plans, whether for a business or for a family, can be a long process. It should not be rushed. Your family situation will be unique but some of the challenges we can help you tackle are surprisingly common. These can include planning for the involvement of younger family members in the business, managing a large group of family shareholders and implementing family councils or other family governance arrangements. A different set of challenges emerge if you are trying to decide whether to retain or sell the family business or you want to broaden your investments and diversify away from the core business.