Introduction

Passing wealth and responsibility to the next generation should not be left to chance, or to the last-minute. A clear succession plan protects the family home, keeps the business running smoothly, and gives everyone certainty about the future. Harris Tate can advise you on the different legal considerations and assist with honouring your wishes and safeguarding your family/whānau’s future.

Clarify Your Legacy Goals

The first step is to sit down for a practical conversation about what “success” looks like to you: maintaining the family farm, funding your grandchildren’s education, or exiting a business at high value. We work through the detail with you, including your assets, liabilities and family dynamics, and then recommend a structure – including for example wills, trusts, shareholder agreements, and gifting programmes – to achieve what you are trying to achieve.

Robust Wills & Memoranda of Wishes

A current Will is the backbone of any succession plan. We draft clear clauses that cover everything from digital assets to overseas property, as well as finer points such as family heirlooms, charitable gifts and funeral preferences.

Family Trusts & Gifting Programmes

Many families use a modern discretionary trust to hold key assets – the family home, rentals, share portfolios – to protect them from creditor claims, otherwise safeguard family/whānau assets, or make sure the right people are involved in the decision-making. We prepare a flexible trust deed, assist with transferring assets into the trust, and assist with annual meetings, record keeping and beneficiary disclosure requirements, so trustees stay compliant while beneficiaries stay informed.

Business & Farm Succession

Stepping back from a company or farm is more than signing over shares. We can draft or review shareholder agreements, buy-sell options, and governance documents that detail the succession plan, how any hand-over price is calculated, and what happens if an owner falls ill or passes away. We consider the specific situation, any family considerations and tensions, and what will work best in that context, in advising on the best succession plan.

Ongoing Governance & Communication

Regular family meetings, independent trustees, and clear reporting prevent confusion and resentment. We can assist with providing draft agendas, drafting resolutions, and other key documents, so that decisions are recorded and appropriate documentation is kept.

Regular Reviews – Because Life Changes

Marriage, divorce, a new grandchild, or a tax law change can throw even the best plan off course. We recommend a review every three to five years – or sooner if a major event occurs – updating documents and structures so your plan stays legally sound and commercially sensible.

Why Choose Harris Tate?

• Plain-English advice: No legal jargon – just clear next steps.
• Holistic focus: Business, family, and other considerations all covered.
• Future-proof planning: Flexible structures that adapt as life evolves.
• Knowledgeable and experienced team.

Contact us Today

Don’t leave your life’s work to chance. Contact Harris Tate for practical, empathetic succession-planning advice that protects assets, minimises risk and sets the next generation up for success.