Empowering the future through wealth transfer
Many family businesses encounter challenges regarding business succession, requiring expert advisory services. Family in-fighting and loss of control are some of the issues faced, leading to the loss of family wealth within a generation or two.
Without a proper wealth and business succession plan, family-owned businesses may be at risk, necessitating the guidance of professional legal advisors. If you own a family business, you may want the company to go on for generations, and seeking legal advisory becomes paramount. Some family businesses still need to continue operating due to a lack of a succession plan and appropriate legal counsel.
To ensure your business’s future success, create a practical family business succession plan with the assistance of qualified legal advisors. At Rockwills, we offer specialized estate planning services to help you with the best wealth management succession planning, ensuring the seamless continuation of your family business legacy.
Common Business Succession Issues
Break-up of business
Protection of assets
Loss of control
Management succession
Common Business Succession Issues
How do you ensure that the business you have spent your life building it will continue when you are no longer around? Rockwills provides a comprehensive family business succession plan to help alleviate your pressure and give you the peace of mind you deserve. Discover our solutions designed to safeguard and ensure that the success you built over many years continues to be your legacy for many generations to come.
Break-up of Business
Protection of Assets
Loss of Control
Management Succession
Solution 1: Family Business Trust
A Family Business Trust protects your business while keeping shareholdings within the family. This trust can last for a period of 80 years.
Solution 2: Family Foundation
A Family Foundation is a separate legal entity, established to hold and manage assets for the benefit of your family. It offers the benefits of a Trust and the structure of an independent company with protection of assets not available in others. This is set up in Labuan and is governed under the Labuan Foundations Act 2010.
In addition to developing a succession plan for your family with Rockwills today, we provide you our other services such as estate planning , will writing services , trust services and more! Get in touch with us now.
