Are you confident that the next generation of your family is sufficiently prepared to manage assets and responsibilities when they take on the mantle? Whether passing on a family business or a portfolio of assets, generational transition must be managed effectively from an early stage.

Lancaster Knox provides specialist, tailored advice to families and their businesses on all aspects of transitioning from one generation to the next. Whether second generation or twenty-second, the specific challenges and opportunities facing multi-generational families requires advice that goes beyond tax. Our team’s expertise includes specialist qualifications from the Family Firm Institute (FFI) and STEP (Society of Trust and Estate Practitioners) in addition to being Chartered Tax Advisors, meaning we are uniquely placed to take a truly holistic approach.

By working with the specialist Family Business Consulting team of Knox Private Office, our work with multi-generational families includes the following:

Engaging with the next generation through tailored ‘next gen education’ programmes, designed individually for each family;

Bringing together tax and non-tax considerations for families and their businesses of all sizes to provide an holistic approach to succession planning;

Guiding families through long-term succession planning, including Family Charters and Constitutions, laying the framework for future generations;

Advising on philanthropy, including appropriate charitable structures, ongoing management and compliance.