Family Business Succession Planning
Preserving Legacy, Protecting the Future
Family-owned businesses form the backbone of the economy and are often driven by years —sometimes generations—of hard work, values, and emotional investment. However, one of the most significant risks they face is the lack of a clear succession plan.
Without proper succession planning, families risk
- Disputes among heirs or siblings
- Business disruption in the event of sudden death or incapacity
- Unplanned tax burdens or legal complications
- Erosion of family harmony and wealth
Succession planning is about how ownership, leadership, and responsibilities are transitioned in a way that is fair, legal, and sustainable
Studies show that...
Only 30% of family businesses successfully transition to the second generation. Less than 10% survive to the third.
This is not due to poor business performance—but rather due to uncertainty, conflict, and absence of structured planning when it comes to leadership transition, asset distribution, and ownership realignment.
How We Help?
- We provide end-to-end succession planning solutions designed specifically for family-owned businesses and high-net-worth individuals.
- We understand the unique mix of emotional, legal, and financial factors involved in transitioning family wealth and control—and we work with you to create a plan that protects both your business and your relationships.
- Whether you’re looking to create a will, set up a family trust, or develop a comprehensive family governance framework, our team combines legal expertise with practical experience to guide you every step of the way.
Who Should Consider Succession Planning?
- Founders of first-generation businesses preparing for retirement
- Families with jointly held business or property assets
- High-net-worth individuals (HNIs) with complex holdings
- NRIs with Indian businesses or assets
- Business families with inter-generational conflict or ambiguity in roles
Our Succession Planning Services Includes
1. Wills & Estate Planning
- Drafting clear, legally enforceable wills
- Guidance on asset distribution across family members
- Appointment of executors and succession nominees
2. Formation of Private Family Trusts
- Setting up revocable or irrevocable trusts
- Holding company shares, real estate, or investments within trusts
- Ensuring continuity and control beyond one generation
3. Family Governance Structures
- Drafting family constitutions, business protocols, and dispute resolution mechanisms
- Setting up family councils or boards
- Aligning family values with business vision
4. Succession Advisory for Business Ownership
- Shareholder agreements for inter-family transfers
- Capital restructuring and stake alignment
- Setting up phased leadership transition plans
5. Tax and Legal Compliance Advisory
- Advice on inheritance tax, capital gains, and stamp duty implications
- Compliance with Indian Trusts Act, Companies Act, FEMA, etc.
- Structuring for Indian and NRI families with cross-border assets
6. Emergency Succession & Contingency Planning
- Drafting power of attorney and emergency succession directives
- Business continuity protocols in case of sudden death or incapacitation
- Preparing management and operational handover kits
