Succession and the next generation

Wealth that lasts beyond its founder depends on more than legal documents. It depends on clear authority, agreed roles and heirs who are prepared for responsibility.

The situation

Continuity is planned well before it is needed.

Many families delay succession because the conversation is difficult. When transition comes unplanned, authority can become unclear and family relationships come under strain at the moment they matter most.

We help families prepare in good time: agreeing how decisions will be taken, how ownership will pass and how the next generation will be introduced to the structure it will one day oversee.

Questions we help answer

What families ask us.

Who will decide when the founder steps back?

Decision rights and roles agreed in advance.

How should ownership pass?

Transfer between generations and branches of the family, planned with legal advisers.

What should heirs know, and when?

A gradual introduction of the next generation to the structure and its advisers.

How do we record what we agree?

A family charter or constitution that sets out the family’s decisions.

An illustrative situation

Illustrative example. Not a client.

A founder wishes to step back from day-to-day decisions. His three children live in different countries and hold different views on the family’s investments.

The work begins with a family charter that sets decision rights and review procedures, followed by a phased introduction of the next generation to the family’s advisers and structures.