All good things come to an end they say, but you may not be ready for
that to happen to your business when you step down. When the time is
ripe, it is the turn of the next generation to carry your success
forward. And when you are ready to arrange your succession, the team at
Vandelanotte Estate Planning are ideally placed to help you with the
preparations, implementation and aftercare. We are also available for
advice at any time when you have questions about financial planning. All
in complete confidence.
Targeted advice throughout your life
Starting up or winding down a business, getting married or divorced,
when children come along, all examples of occasions when your private
life and the life of your business may become intertwined. It's at times
like these that the experts from Vandelanotte can help you take the
right decisions and ensure that you take measures in good time to
optimalise the financial and fiscal consequences for you and for your
Continuity guaranteed as the generations change
Family businesses typically achieve better results than other companies,
and one major factor in their success is their ability to develop a
long-term strategy based on stable family shareholdings. Ensuring
continuity is therefore crucial when handing over to the next
generation. This is the objective the experts from Vandelanotte Estate
Planning will always have at the front of their minds when going about
their work: we will ensure that the handover takes place smoothly and in
the best circumstances, so that the steady progress of the business is
not interrupted at any point.
Finding the balance
Arranging succession within a family business is not always
straightforward. There may be conflict between different interests and
values.The crucial element for success is finding a balance between the
interests of the family, the successors, and the business. We offer a
unique approach to achieving this difficult balancing act. Vandelanotte
don't regard the handover of a family business purely as a fiscal and
legal problem, we take a global approach, carefully considering all
aspects of the matter.
A charter for success
Your Vandelanotte Estate Planning advisor will work with you to draw up a
family charter, setting out a code of conduct and a list of the
family's values and objectives. This charter will establish the rules of
play, and give people something solid to hold onto should any conflict
arise during the process of succession. We use the family charter as the
basis for the drafting of a practical phased plan. A plan will ensure
that the objectives in the charter are achieved in the most
tax-efficient and legally sound manner possible.
Answers to all your questions
Vandelanotte can provide clear and reasoned responses to any question
that is likely to arise during such a handover:
- How can I hand on my business and capital in the most tax-efficient way?
- How can I reconcile the interests of the successors taking over the firm with those children who are not active in the business?
- How can I avoid dilution of the shareholding?
- Must all the active family members receive the same remuneration?
- What is the role in the business of those outside the family?
- What will my income be, once I have handed over the business?
Your regular contact within the Vandelanotte Estate Planning team can
always call on specialist colleagues within the Vandelanotte
organisation for detailed guidance about specific fiscal, legal or
organizational aspects of the succession. Wondering about who should do
what after your retirement? The Vandelanotte Talent Management Team can
vet each of the successors on the basis of their possible new
responsibilities, and also arrange any necessary instruction and