Succession Planning

Succession Planning is about what happens next; tomorrow, next week, next year. It’s not a bad idea to plan! Succession planning is important for the home and family and we assist our clients in areas such as:

• Trusts
• Wills
• Enduring Power of Attorney (EPA)
• Income Protection
• Life & Disability Insurance
• Critical Illness (Trauma) insurance
• And…our One Page Plan

By planning ahead, we create greater certainty in times of accidents, illnesses, retirement, untimely death or other major life changing occurrences.

For a Business, there are additional issues.

• How does the business survive if an Owner or a Key Person in the business leaves?
• If the departure is sudden, what impact might there be on Revenue, Profit, Morale?
• Does the functionality of the business allow for the sharing of critical knowledge?
• Are Key People able to be replaced?
• How easy is it for an owner to leave and can they achieve the value that they’ve planned for?