Succession planning is a next-of-kin policy that adequately manages an intended referral of assets in family businesses and other inheritances in the event of unforeseen circumstances. The importance of succession planning is especially pronounced in family businesses, which are vulnerable to unplanned losses in leadership or assets, thus being ill-prepared for the consequences.
Creating a suitable contingency plan guarantees your inheritance assets to be distributed and/or passed on to family members or next of kin who are found to be the most viable persons to receive said inheritance. Naturally, there are other factors, or metrics with which an investor can choose to measure how his/her assets or business can be passed on, and our financial team at deVere Switzerland incorporate these aspects to create a tailored package for every prospective investor.
Key issues for the creation of a suitable succession plan include:
To find out more about how deVere Switzerland can help prepare a tailored financial plan, contact us today.
deVere Switzerland’s Public Relations Department deals with all areas of the media and external communications including international, national, regional, local, trade, consumer, print, broadcast, social and online. The Department aims to provide a helpful service to journalists, broadcasters and editors, amongst others, and reply to all media enquiries, including urgent enquiries out of hours, within agreed deadlines. Our press office does not have access to client details and will not be able to assist with individual client enquiries. Please contact deVere Switzerland’s Head of Public Relations on [email protected] or call +44 2071220925