Successful Succession

Business succession planning is becoming a key topic for many families, although less than 45% have formally considered it. This session will outline common errors and opportunities when planning, communicating and implementing a sale or transition of the family business.

Topics covered in the 90-minute presentation include:

Succession: Cracking the code on Fairness: One of the major barriers to succession planning is how it can be done fairly for all members of the family group. This session explores the needs of the older and younger generations and the key steps required to maximise fairness and family harmony.

Tax-Efficient Succession Planning: Tax can be a major obstacle to implementing a succession plan. This session provides practical insights into two key strategies, the small business CGT concessions and the small business restructure rollover, that can help you manage the tax impacts and achieve a successful transition.

Tools for succession: Trusts, companies, Private Ancillary Funds and superannuation can all be a tool in a succession strategy. The session will outline how structures such as superannuation can provide tax free earnings on retirement assets, enhanced asset protection and treatment when passing it to the next generation.

Investment Strategies for Retirement: Once the funds are received, the next consideration is crafting a robust investment strategy to enhance returns and control the risk. The session covers elements of a successful investment strategy which is responsive to the economic outlook and risks.

Food and refreshments provided. 

About our speakers

Stephanie Smith - Associate Director, Birchstone Legal Group

Stephanie is an Associate Director at Birchstone Legal Group, specialising in estate planning and farming succession. Having grown up in a farming family, Stephanie is personally connected to the challenges families face in this area. She holds a special interest in improving the outcomes of farming succession and preserving family relationships.

Daniel Taborsky - Managing Director, Birchstone Legal Group

Daniel Taborsky is the managing director and founder of Birchstone Legal Group. Daniel has over 17 years' experience advising on tax, duty and trust law issues, including acting for clients in disputes with revenue offices, and has been recognised as a leading tax lawyer by Doyle’s Guide since 2020. Daniel has a particular interest in assisting families with tax and duty effective succession planning.

Robert Prince - Director, Pitcher Partners Wealth WA

With over 25 years of experience, Robert is a trusted Senior Wealth Adviser in Perth, known for guiding clients through market cycles. As a director of Pitcher Partners Wealth WA, he emphasises fee transparency and conflict management. Rob advises retirees, pre-retirees and SME owners. Rob has been consistently serving the Geraldton region for over 15 years.

Christian Golding - Managing Director, Pitcher Partners Wealth WA

With 20 years of experience in private client advisory and senior management, Christian focuses on family private wealth services around wealth creation, protection, and transition of wealth. He works collaboratively with families' other trusted advisers to ensure well-coordinated outcomes.