Our team of experts guide clients through the process of making sure their estate will pass to the next generation smoothly and efficiently.
Having worked with the same clients for many generations, Strutt & Parker has developed a deep understanding of the common succession planning issues facing estate owners.
We know that managing the process of generational change can be one of the most challenging problems landowners will face and help can be vital in making the right decisions.
Independent view on sensitive subject
Our experienced land managers help clients address the question of when best to pass over assets, to whom and how best to approach and structure the handover.
We offer independent advice on the best way to handle what can be sensitive discussions, involving multiple family members who may have different aspirations and expectations.
Managing the needs of every generation
As part of succession planning discussions, our team will consider how and when to give the younger generation an active decision-making role in the business.
The question of how to look after family members who are not actively part of the business will also be addressed.
Plans to allow the older generation to remain involved, where they want to, and provided for during their retirement are another priority.
Tax and business structures
We will look whether new business structures are needed to facilitate succession and the implications to landowners from a tax planning point of view.
We have taxation specialists who can deal with all farm, property and personal tax issues.
Every family is different so the approach needs to be tailored to what is right for each individual estate or business.