Succession planning for families and entrepreneurs
Succession planning is a proactive process to ensure a smooth transfer of family wealth, businesses, and legacies to the next generation.
Our team helps you plan for the future with sensitivity and foresight, so that your assets transition according to your wishes and your heirs are prepared for stewardship.
We understand the complex mix of emotional and technical challenges in passing on wealth, and we work closely with you and your other professional advisers to create a comprehensive wealth transfer plan that minimises uncertainty and preserves family harmony.
At Praxis we support you with:
- Estate planning coordination:
Collaborating with your lawyers and tax advisers to develop wills, estate plans and letters of wishes that clearly outline how your wealth and personal assets should be distributed. - Trust & foundation establishment:
Setting up trusts, family foundations or similar vehicles to hold and manage assets for beneficiaries, providing control over timing and conditions of inheritance (useful for young or vulnerable heirs). - Family governance frameworks:
Designing governance structures such as family charters, councils or decision-making committees to guide the family’s wealth decisions and values across generations. - Business succession advisory:
Assisting in planning the handover of family business ownership or leadership – from identifying successor management to structuring ownership (e.g. via holding companies or trusts) for continuity and tax efficiency. - Executor and trustee services:
Acting as a professional executor of your will or trustee of family trusts, to impartially carry out your plans and manage assets until final transfer. - Legacy and philanthropic planning:
Integrating charitable giving and legacy projects into your succession plan, so that your philanthropic goals are fulfilled alongside the transfer of family wealth.
