Private Clients

Private Clients

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Asset, estate & succession planning

In conjunction with our Tax and Revenue Group, we advise individuals and families on structures and arrangements to secure, manage and transition their wealth in effective ways. We ensure that your assets are dealt with in accordance with your wishes and that family wealth is passed on to the next generation in the most effective manner possible. Cowell Clarke’s private client practice group takes a focused approach to succession planning, structuring, superannuation and asset protection, particularly for high net worth individuals and families.

We are skilled in the preparation of wills, but preparing your will is only a part of our comprehensive range of services. We take the time to look at your asset base and family and corporate structures. We work in cooperation with your advisers (including accountants, financial services consultants, and insurance brokers) to gain a complete understanding of your circumstances and needs. We then assist you to identify your objectives for the ultimate transmission of ownership or control of personal assets, corporate and other entities, self-managed superannuation funds and family trusts.

Our high net worth clients value our discreet, tailored service. We work closely with in-house teams to ensure that succession planning is dealt with in a tax effective manner and with a proper regard for asset protection and family circumstances.

Expertise
  • Wealth transition strategies and estate planning that takes into account complex succession issues

  • Superannuation including appropriate structures for superannuation funds and making binding nominations as part of the estate planning process

  • Drafting pension terms and including reversionary pensions and dealing with specific succession issues arising from SMSF pensions

  • Capital gains tax issues

  • Reviewing family structures to ensure that there is a smooth succession of family businesses, properties and other assets to the next generation and advising on strategies to deal with succession issues prior to death

  • Preparing businesses for an exit by sale or other means

  • Preparing wills coupled with testamentary trusts and where appropriate, ancillary documents including powers of attorney and medical powers of attorney

  • Disputed wills and inheritance claims

  • Probate applications and deceased estate administration

  • Restructuring businesses in a tax and stamp duty effective manner to achieve succession planning objectives

  • Drafting business succession agreements (buy/sell agreements) for businesses with multiple owners/controllers