We support successful families and businesses, creating bespoke solutions to expertly navigate both corporate endeavours and personal matters, and foster the future of the family legacy.
For private clients, succession planning, wealth management and asset protection are of key importance. Our dedicated McR Private team offers tailored solutions to assist individuals, families, and private businesses of all sizes. From generational business to enterprise across various industries, our team proudly supports our clients, helping them manage their legal and business needs and plan for both immediate and long-term success.
Our advice is tailored and precise – we identify options and risks as well as benefits in order to maximise every opportunity and prepare for the next challenge. We don’t believe in a one-size-fits-all approach, and will work with you to provide flexible, tailored solutions that suit your risk appetite. Our focus is on delivering certainty and personal service.
With a history spanning almost 100 years, we have a profound commitment to our clients, considering them an extension of our McCullough Robertson family. We work collaboratively with you, not just for today but with a vision for your future, aligning ousolutions closely with your goals and objectives.
Our highly experienced, cross-functional team is supported by McCullough Robertson’s integrated full-service offering, bringing together legal expertise across tax structuring, tax disputes, wills and estates, business compliance including competition and consumer law, property services, equity investment and mergers and acquisitions, intellectual property, employment and workplace health and safety, philanthropy, finance, insurance, and dispute resolution (including mediation). Many of our team members are business owners themselves, and we intimately understand the daily intricacies of running a successful business and the complexities that come with it. McR Private clients are provided exclusive access to our high-performance executive specialists in human resources, business development and technology to support their continued successful operations.
Our strong international connections allow us to provide comprehensive advice to clients with assets located overseas. While we do not provide clients with investment advice, we do work closely with our clients’ financial and investment advisors on the legal aspects of investment, in particular in relation to equity and hybrid investments in business.
To find out more, contact Marianne Lloyd-Morgan.
Case Study 1
The McR Private team assisted a high net worth individual to separate a portion of his wealth from his riskier business ventures into a separate entity, which would see his wealth preserved to ensure the security of future generations of his family – particularly his grandchildren.
The transactions giving effect to the transfer of wealth took approximately 18 months of cooperation with the ATO, and the structure itself went through many iterations and discussions with the client to ensure it met his needs for succession of control and restrictions on investment (his primary objective being for those assets to be invested low-risk to ensure their protection).
As part of the restructure, the McR Private team developed an “advisory board” – a structure contemplated by the client to assist future generations to receive appropriate and considered advice from a board of professionals on a regular, structured basis. Members of the McR Private team currently serve on the board to provide guidance to the client and his family members on the administration (and eventual succession) of the new asset holding structure.
Case Study 2
The McR Private team assisted a high net worth individual with succession planning for her valuable property development group. The client’s objectives were to treat her children equally from the assets she owned or controlled, while allowing her children to go their separate ways to explore their own business and investment opportunities.
The McR Private team was tasked with finding a way to divide the client’s entities equally between her children (having regard to dormant CGT and other related expenses), as well as navigating complex financing and inter entity loan arrangements to achieve the necessary outcome. Ultimately, the client’s succession objectives were achieved through the drafting of her will, deeds varying existing entities to enable appropriate succession of control, some inter vivos asset restructuring, and a Family Constitution which allowed the client to encourage the involvement of the children in the group and the succession plan.
The McR Private team also assisted by facilitating family meetings which fostered open communication with the client’s children about their expectations and our client’s intentions for the succession of her business.