Succession Planning

Navigate your way through the complexity of Succession and Estate Planning with our experience and expertise.

Make sure your Succession is a Success

It’s important for all business owners to put in place a properly prepared succession plan. It’s just like a Will for the business, but there is often a wider range of scenarios and considerations involved.

 

As with a personal Will, what should be included in a good business succession plan can vary from one situation to the next.

There is a range of professionals who may need to be involved in setting up a succession plan, including your financial adviser, lawyer and accountant.

 

Even if you already have a plan in place, make sure you regularly review the agreements and your insurance policies to keep them up to date and reflecting the current value of the business.

 

Like a Will, don’t leave this to when it’s too late.

STAGES OF SUCCESSION

1.  Create a clearly defined business succession plan.
 
2.  Bring Identified Successor/s into the business.
 
3.  Provide for personal needs as a result of the business succession.
 
4.  Ensure the business succession plan dovetails with your own estate planning.

 YOUR OPTIONS

Your privacy is important to us and Australian Financial Services Licensee, which is part of AMP. You may request access to your personal information at any time by calling us on (07) 4639 1399 or contacting AMP on 1300 157 173.

Information collected will be subject to AMP's Privacy Policy. You can also contact us or AMP if you do not wish to receive information about products, services or offers available from us or AMP from time to time.

CONTACT US

Phone:  (07) 4639 1399

Fax:       (07) 4639 6921 

Office:   Canberra Place 123 Margaret Street

              Toowoomba QLD 4350

              (Cnr Margaret & Hume Sts)

Postal:   PO Box 1591, Toowoomba QLD  4350

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December 4, 2018

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Toowoomba Financial Centre Pty Ltd ABN 88 073 088 070, trading as TFC Financial is a corporate authorised representative of Australian Financial Services Licensee 234665, Charter Financial Planning Limited ABN 35 002 976  This website contains general advice only. You need to consider with your financial planner, your investment objectives, financial situation and your particular needs prior to making any strategy or products decision.

Your privacy is important to us and Australian Financial Services Licensee, which is part of AMP. You may request access to your personal information at any time by calling us on (07) 4639 1399 or contacting AMP on 1300 157 173.

Information collected will be subject to AMP's Privacy Policy. You can also contact us or AMP if you do not wish to receive information about products, services or offers available from us or AMP from time to time.