Protection, Exit and Succession Planning
A future that works for everyone
Ensure your future happens by design rather than by default
Want to pass on the family business without having to sell the family silver or burden the next generation with debt? The Protection, Exit and Succession Planning workshop will help you put together a plan that will effectively ensure that you're ready for change of ownership of your business. Our comprehensive Protection, Exit and Succession Planning course comes in two parts - a one day introduction seminar followed by a two-day residential workshop.
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Course content
Introduction to Succession Planning
If you can only leave your business only for a short time, or want a broad overview of Protection and Succession Planning, this one-day seminar is for you.
Protection - the technical issues:
- Wills
- Life assurance
- Enduring powers of attorney
- Trusts/ Companies and Partnerships
- Gifting
- Taxation
The human dimension - an overview:
- Equal vs equitable distribution of assets to your family
- Sibling rivalry and family harmony
- Retirement
- Generational creep and conflict
- Parents as bankers
- Realising the potential of professional advisors
- Family communication and meetings
Protection, Exit and Succession Planning two-day workshop
Protection - an in-depth analysis
of your situation:
- Wills
- Enduring powers of attorney
- Structures: Trusts vs Companies vs Partnerships
- Risk and resilience strategies
- Assurance and insurance
- Gifting and debt reduction
- Tax minimisation
- Understanding the legal minefield
- Property Relationships Act 1976
Succession planning
- Understanding the succession planning process
- Preparing a snapshot of your family business
- Asset, estate and business analysis
- A real live case study
- Exit planning tips
- Handing over control
- Tips, traps and threats of succession - war stories
- Realising the potential of your professional team (accountants and lawyers)
- Family meetings
The human dimension:
- Equal vs equitable
- Sibling rivalry
- Generational creep and conflict
- Family harmony vs acrimony
- Parents as bankers
- Inheritance
- Ruling from the grave
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Course costs
Introduction to Protection, Exit and Succession Planning seminar
Protection, Exit and Succession Planning two-day workshop
* Costs, dates and locations of a seminar are subject to change at any time at the discretion of Bank of New Zealand.
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