Recorded Webinar: Establishing Multi-Generational Business Structures in the Estate Plan

As Australia’s population gets older, there is an increasing trend towards older generations maintaining an interest in the family business as a way to continue deriving income for retirement. This session considers the consequences of a family business that is supporting 3 or 4 generations of a family and the control issues that arise for clients and estate planners as a result, including:

• Who is the business accountable to? Managing decision-making and control across the generations

• Inter-generational conflicts of interest in relation to the older generation’s need for income versus the younger generation’s desire for capital growth and access to capital

• Are the demands on the business reasonable? Can the pie be grown?

• Splitting out resources for effective operation of the business from resources for managing family shareholder relations

• Setting up formal governance programs and agreements on where decisions sit