RSM Australia

Succession planning and estate planning

The impact of succession planning and estate planning is essential for the successful future handover of your business.Business people, whether primary producers, manufacturers, retailers or others, must all consider the succession planning and estate planning of their business.

The impact of a poorly planned succession can be substantial in terms of taxation, administrative costs, relationships and stress, so it is essential to plan for the future handover of your business.Those SME owners who opt for a well-planned succession enjoy greater benefits, both financial and personal.

Our succession planning consultants help SME owners plan and execute the smooth succession of their business, whether it be to new owners, the next family generation or upon their death or incapacity.
As required, we draw on the advice of solicitors for legal issues.

Our Succession planning and Estate planning services include:

  • planning and managing asset transfers
  • management succession
  • wills and enduring powers of attorney
  • family dispute resolution
  • family wealth appraisal
  • administration of deceased estates
  • company and trust formation and structuring
  • life insurance and superannuation
  • planning for retirement
  • advice on pension eligibility

Key contact

Dace Harris - National head of Business Advisory

Dace Harris
National Head of Business Advisory

T: +61 2 8226 4500
E: [email protected] 

Business Advisory Tools

Growth & Profit diagnostic

JobKeeper and Compulsory Superannuation Guarantee

The Coronavirus Economic Response Package (Payment and Benefits) Rules 2020 (JobKeeper rules) were registered by the Treasurer on 9 April 2020.
Read more

Agreed Value Income Protection policies will be banned by APRA

1 April Deadline – Agreed Value Income Protection policies will be banned by APRA! Following a recent review of the life insurance market, APRA have announced proposed changes to income protection policies.
Read more

Asset protection vs tax optimisation

In business, there are many risks that are simply out of your control. This thinkBIG report takes a closer look at one of the great conundrums for owners of small businesses - the balance between asset protection and tax optimisation.
Read more

Keep your succession plan on the right road!

At the mention of the words “Succession Planning”, many different emotions may arise. For some, it can be a confusing and difficult time. For others, a more enjoyable experience, an opportunity to help the next generation grow and develop.
Read more

The future of general practice: cash flow, growth and innovation

The future of general practice is truly at a crossroads, with many challenges but also a range of opportunities.
Read more

Victorian farm stamp duty savings

A significant part of any farm succession plan is planning for retirement. Given ever-increasing farm, living and education cost, most farming enterprises will only support one child and their family of the succeeding generation.
Read more

Estate planning and the impact of loan accounts

The impact of loan accounts in business structures on your Estate planning can be far-reaching.
Read more

Get the right advice or pay the price | Family farms

Family farms are part of the fabric of rural Australia. Unfortunately the landscape is dotted by a large number of farms that disappeared from families who either had no succession plan or the estate plan was seriously inadequate.
Read more

Farm Succession Planning and the four A’s

Farm succession planning has been described as developing a strategy to work out whether someone will take over the farm or whether it will be sold when the owner retires or dies.
Read more

How the upcoming superannuation changes will impact you

Superannuation changes, which take effect on 1 July could have a massive impact on workers, particularly the wealthy, and many may end up paying more tax. The news is not all bad for Australians, and there are some opportunities to make smart financial decisions now that will put you in the driver's seat for your retirement.
Read more

Liquidity a problem? Give your business a health check !!

Companies relying on historically low interest rates to mask their true capacity to pay bills when they fall due, need to seriously address debt serviceability once the official cash rate starts moving higher which some will say will occur in 2017.
Read more

New superannuation legislation – where do you stand?

Government releases more superannuation legislation
Read more

Succession planning report

Understanding the current perceptions of business owners towards succession planning.
Read more

Budget 2016 for SMEs

Key announcements Increase in small business entity turnover threshold from $2 million to $10 million; Increase the unincorporated small business tax discount; Amendment to Division 7A to allow self-correction for inadvertent breaches.
Read more

Divorce and succession planning

Divorce can have a significant impact on the family business, possibly leading to the sale of all or part of it. This article answers some of the key questions around this topic.
Read more

Ten step process to maximising the value of a business on exit

There are ten steps that can be used to maximise the value of a business which can be grouped into three distinct phases: Phase 1: optimum performance Phase 2: polishing the business Phase 3: creation of the sale
Read more