Family Continuity & Governance
Family wealth depends on more than tax. The structure needs to be understood, documented, operable and capable of transition if a principal dies, loses capacity, exits a business or passes control to the next generation. Our role is to keep the financial and structural framework clear without stepping into personal disputes.
Best suited to
Business owners, professionals and family groups considering acquisitions, business sales, restructures, finance changes, succession events, major property or investment decisions, or entity wind-ups.
Generally not suited to
Engagements where the client expects Chancellors to act as business broker, investment manager, legal adviser, lender or substitute management team.
Entity Governance and Documentation
Companies and trusts must be operated according to their underlying documents and governing law. Poor documentation can undermine tax outcomes and control.
· Company registers and ASIC records
· Trust distribution minutes and trustee resolutions
· Related-party loans, service arrangements and Division 7A records
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Review of entity purpose and ongoing usefulness
Estate and Succession Coordination
Many assets fall outside the will, including interests linked to companies, trusts and superannuation. We help clients and lawyers identify financial issues that should be addressed before documents are finalised.
· What is and is not in the willable estate
· Tax consequences on death and during estate administration
· SMSF succession and binding nominations
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Coordination with estate lawyers
Executor and Administration Support
Estate administration can be complex and emotionally difficult. We can assist by providing checklists, financial information and coordination with legal advisers.
· Estate tax lodgements and accounting support
· Asset and liability schedules
· Coordination with lawyers and executors
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Documentation and implementation tracking