The GT Legacy Family Office (GTLFO) assists families with succession planning and the continuation of family values, culture and wisdom. Our Qualified Family Legacy Planners advise families on ways to build strong and healthy inter-generational relationships, creating an enduring succession plan.
Family legacy succession is a journey that needs comprehensive planning. Through careful best-practice process, we help families identify the DNA of their success from their own history and family values, and recommend solutions based on the results derived and the challenges they face. In this way, families have a reference for future family and business development.
We are committed to providing a complete spectrum of family succession planning services. Our Qualified Family Legacy Planners have a wealth of legacy planning knowledge and expertise. They engage in regular professional training and always adhere to the highest standards of competence and integrity in customising legacy blueprints to meet every client’s unique needs.
Visit GTLFO Website at www.gtlfo.com
GT Legacy Family Office
GT Legacy Family Office assists families to create an enduring succession plan
Succession planning can be a difficult task in a family owned business and yet critical for the continuity of the business. There are many complex considerations that need to be addressed to ensure the smooth transition of a family business. The key consideration is to have a structural solution which not only supports the needs of the business but also that of the family.
When succession planning is poorly handled the fortunes of a family-controlled listed companies can dwindle. Global statistics confirm that succession planning is a difficult problem facing many family-owned businesses. Research found that only 30% of family business survive the transition from the first to the second generation and only 10% made it to the third generation. Studies on succession planning have consistently shown that succession is the most important issue faced by family business owners and only 33% have a robust succession planning in place.
However, many family business succession planning focus primarily on wealth planning and the legal transfer of assets, but ignore the critical intangible factors such as family values and traditions, cross generational relationships and the transfer of family knowledge.
Hence, GTLFO aims to fill this gap by adopting an all-encompassing approach to family legacy. Our qualified Family Legacy Planners have a wealth of legacy planning knowledge and expertise to assist business owners to have a proper business succession planning in place.