Family Business Succession Plan | Wealth Management Succession Planning
I want you to inherit my wealth
Many family businesses encounter challenges when it comes to business succession. 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. If you are the owner of a family business, you may want the business to go on for generations. Some family businesses have failed to continue operating due to lack of a succession plan.
One of the most crucial things you can do to ensure your business's future success is to create an effective family business succession plan. At Rockwills, we can help you with the best wealth management succession planning!
Without a proper wealth and business succession plan, family-owned businesses may be at risk. If you are the owner of a family business, you may want the business to go on for generations. Some family businesses have failed to continue operating due to lack of a succession plan.
One of the most crucial things you can do to ensure your business's future success is to create an effective family business succession plan. At Rockwills, we can help you with the best wealth management succession planning!
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
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.
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 Foundation 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.
