Our latest insights

In this episode of Beyond the Numbers with Grant Thornton, family business consulting experts Kirsten Taylor-Martin and Heather Gouveia discuss the survey findings, how the different generations are working together to create legacy and the challenges of thinking about succession planning alongside retirement.

Many high net wealth families seek advice on different ways to manage their charitable endeavours. Setting up a Private Ancillary Fund (PAF) may be an attractive option for your family; it is a tax-efficient structure, but can offer so much more.

While the TV series Succession has captured audiences with its dramatic storylines, themes explored through the show reflect what families can face when it comes to growing and maintaining wealth throughout the generations. So how can Family Offices be successful in growing wealth from generation to generation?

A family trust can often be the right vehicle to carry on your family business and manage family wealth. However, careful consideration needs to be given to how the trust is established and administered to ensure that the ultimate control of your income and assets rests in the right hands and is in line with your family strategy. Much time is often spent deciding on who will be the trustee and the beneficiaries of the trust, however the issue of who should be the appointor can often be overlooked.