Succession planning, Deloitte Private

Solutions

Succession planning

Family & Individual Wealth

Helping families and individuals navigate complex challenges and decisions within a family enterprise.

For a business, working without a succession plan can invite disruption, uncertainty and conflict, placing future competitiveness and wealth at risk. For family-owned companies and personal wealth, the issue of succession also introduces deeply personal issues and family dynamics – which may include non-employee family members and stakeholders.

Getting it right can be a complex process. That’s why when it comes to effective succession planning, an early start can often be the key to success.

It’s perfectly natural to need support to get started. Which is why Deloitte Private’s proven experience and approach to succession planning has supported some of Australia’s wealthiest families and individuals to plan for their future.

Our work with you on succession planning

We work in partnership with you to strengthen your legacy as it passes from one generation to the next by:

  • Understanding the needs and drivers of the family and the business
  • Facilitating communication so that people speak honestly with each other about their aspirations and goals within the succession planning process
  • Considering possible short term ‘emergency succession requirements’ as well as a longer term plan
  • Creating a clearly articulated succession plan tailored to the personalities and circumstances of your family and business
  • Addressing Intergenerational Wealth Transfer and family governance
  • Next generation education and leadership development.

Succession planning needs to be carefully tailored to every situation - whilst the principles are similar, personalities and circumstances vary greatly. Contact us to find out more.
 

Published: November 2017

Contact us

Elise Elliott

Elise Elliott

Partner, Deloitte Private

Elise is a partner of Deloitte Private and has over 15 years’ experience assisting private businesses and family groups with issues related to business growth, management and ownership transfer, exit ... More

Michelle Hartman

Michelle Hartman

Partner, Deloitte Private

Michelle is a Tax Partner with many years of experience providing commercial taxation advice to SMEs and small cap listed clients. She works closely with family owned enterprises, particularly with su... More

Peter Pagonis

Peter Pagonis

Partner, Deloitte Private

Peter is a Partner in Deloitte Private with more than 30 years’ experience and is a member of the Board of Deloitte Australia. He specialises in servicing privately owned businesses, family businesses... More