Thanks to Fran Becker, Partner, and Penny Nicholls, Special Counsel, from Hamilton Locke who co-presented this webinar.
About this event:
Succession and estate planning are essential for business founders who wish to ensure the continuity of their business and the orderly transfer of their personal and business assets. Succession and estate planning are ongoing, strategic processes that require careful coordination and regular review. By addressing both business and personal considerations, founders can ensure the preservation of their legacy, the protection of their loved ones, and the continued success of their business.
This member-only session addressed the integration of both succession and estate planning, highlighting their importance in safeguarding the founder’s legacy, protecting beneficiaries through considered structuring and ensuring the smooth transition of business to personal interests.
Our presenters explained:
- The benefits of adequate business succession and estate planning, and the risks of not getting it right;
- The different business structures to consider as the founder of a start-up business and the importance of choosing the right structure from the beginning, noting the competing aspirations of asset protection and tax flexibility;
- How personal interests in the business should be held including trusts and companies; and
- The importance of having a valid estate plan that covers both incapacity and death.
This member education session was conducted using MS Teams. If you’re an Insurtech Australia member and you’d like to access the session recording, please contact us at hello@insurtechaustralia.org to request the link.