Wood

We help successful families manage their assets across generations. Our services are as varied as the families themselves.

The lives of families with significant assets are different. In many ways they are more colorful, more interesting, easier. A wealthy family provides facilities, security, and opportunities that others can only dream of. It also brings a responsibility that others cannot imagine. Responsibility for asset management.

We support successful families every day. The greatest added value is our experience. Finding the right solution is a matter of course. But it all starts with everyone concerned reaching an agreement. We consider this area to be our unique added value.

FAMILY
GOVERNANCE

Family membership comes with responsibility and opens access to property and privileges of various kinds. Clear rules of family membership and access to the enjoyment of family property lead to fairness, security, respect for the wishes of the asset creators, and prevent disputes.

FAMILY
BUSINESS

Family businesses use the talent and commitment of the founders and other family members. Secure relations with co-owners, an effective system of supervision for management and development, even without the need for executive participation of family members, gives security to the family and all those who are dependent on the business.

FAMILY
PROPERTY

With proper care, the family property will grow together with the family and continue to provide for many future generations. Clear, systematic, and discreet administration, independent of the founder, brings existential security, continuity, peace of mind, and a stronger position for the family in the future.

FAMILY
TAXES

The combination of considerable private and business property comes with unique asset structures. These regulate access to property, reduce risks and support the use of the family's intellectual and material potential. At the same time, they ensure proper compliance with tax obligations.

LEGAL
MATTERS

The functioning of the family, the management of family property and businesses, including related transactions, is an extraordinarily complex task. For everything to function smoothly, it is necessary to find the ideal legal support in the Czech Republic or other legal environment. More

The prudent management of family assets and their continued growth will ensure a good standard of living for current and future generations of the family. It will support the development of the family business and bring security to employees, partners, suppliers, and customers. It will maintain support for all those who rely on it.

Part of asset or wealth management, respectively, is protecting the assets from the everyday risks of the surrounding world, business failures, mistakes by administrators and managers, as well as one's own missteps or health issues. The ill intentions of professional and life partners, as well as complete strangers, also deserve attention.

An important task is transferring assets and related roles to future generations in a manner that is acceptable for everyone, one that is interesting and useful for future generations and others, without unnecessary stress, overloading, and time pressure.

FAMILY BUSINESS

The family's task is to manage and grow the family business, look for new opportunities and make the best use of them, whether these come from the world around them or the abilities of family members.

Professional management frees the family from drudgery, ensures business continuity across generations, and provides time for hobbies or family. The family can focus on strategic issues, finding new opportunities and developing them. This makes business more fun for current and future generations.

In business, we usually start working together
with our clients when they realize that:

The company is too dependent on its founder. Without him, major problems would quickly arise in operations, business, and strategy. This could lead to paralysis of the business or even to problems securing the family.
Most business decisions are made by the founder himself. He lacks an independent partner to discuss the strategic direction of the business or the current and future roles of family members.
None of the children is currently able to assume the founder's place at the head of the business. There is no plan to prepare the children, the company, or the management for such an assumption of responsibilities.
The business is ripe for a "qualitative" step in management and further development. Some attempts have been made, but none have come to fruition. Obviously, it needs an impulse from the outside.
The business is a set of activities that have gradually been added on as they accumulated. There is no well-thought-out structure that eliminates mutual threats to the companies, is tax-efficient, and supports passage to future generations.
The business is not ready to be easily handed over to future generations or management. It also limits the possibility of the business being sold at an attractive price.
There is no confidence in professional management. They cannot be found and put in charge. The founder is therefore doomed to endlessly oversee the management of the companies, while his inheritors are woefully unprepared to take over in the future.
The children are not interested in playing an active role in the family business and prefer their own journey outside the family. At the same time, it would be to everyone's benefit to find a way to reunite the family.
A good solution would be to sell the company and distribute the money to the family. Nevertheless, the head of the family does not think it is a good idea to give them that much money at once.
There is no clearly defined substitutability of the founder/successor or other key people in the company. So, if these key people suddenly "dropped out"…
The founder has business partners with whom ownership rights are not clearly regulated. It is no longer clear what would happen if one of the partners died.
It is not clear how to pass on the business when there are multiple children. Not everyone has a relationship with the business or wants or has the ability to get involved in it. At the same time, the founder wishes to hand over the assets fairly and sale is not an acceptable solution.
The children want to take over the family business, but they clearly do not have the required skills, education, knowledge or practical experience to do so. It is also clear that everyone is different. How to ensure fairness?
If the business passes to all the children, disputes and disagreements will inevitably arise, which will eventually lead to the collapse of not only the business but the family.
The founder wants to buy another new company but does not have the capacity or knowledge to find such a company. He realizes that it is not commercially efficient for him to contact such companies directly and that a professional partner would be better suited to this.
The founder wants to systematically prepare his companies to be handed over to management or his children.
The founder wants to sell his company or companies or find a strategic partner / investor for them.
Some of the children went their own way because for various reasons there was no place for them in the family business. But it would be great to get them back to the same table. Still, the family members can't do it alone.
The children feel they would like to take over the business from their parents. The parents do not want to hear about it yet, or not in the way their offspring imagine.
The parents are constantly talking about passing on the business to their children. But it is not clear when and how this will happen. The parents aren't as young as they used to be, but they might also still be around for a long time. The children are wondering how to broach the topic without offending…

BUSINESS FAMILY

The task of the family is to manage and grow the family property to secure future generations. It includes the protection of assets and family members from external risks, business risks, and other family members.

Unambiguous rules of family membership together with a defined way of managing family affairs, access to family assets and the benefits from it prevent misunderstandings, disputes, and intrigues. A family that has no doubts about the future and the transfer of property lives a calmer and happier life.

In the area of the family, we usually start working
together with our clients when they realize that:

Wealth can connect people, but also ultimately divide them if there are no clear rules. This is all the more true if the assets are considerable and if wives or husbands, our children or grandchildren, are involved in the game for them.
It is time to clearly identify "who gets what" once the creators of the property are no longer here, so that the inheritors do not one day argue over it.
The family is dependent on the business, where most of the assets are concentrated. If the founder is not available, the family will not be able to fully exercise their property rights, leaving it practically without resources.
The parents are concerned that their offspring will have life partners who will endanger the family's assets if they have access to them.
Family members fear that their life partners have chosen them primarily because they are materially secure. They are interested in protecting the family's property and their partners' access to it.
The founder has striven his whole life to generate as many assets as possible, because he believes this to be effective. Today he is faced with the decision to divide the assets among his descendants and thus destroy a part of his life's work.
Not all family members are mentally or physically able to take care of their part of the inheritance. Giving them part of it is like "throwing it away". Still, they don't want to deny anyone their share.
The family has enough wealth to be able to help not only the next generation, but also those who have yet to be born. However, it is necessary to ensure that the next generation does not squander the property.
There is a real danger that if the fate of the family's property is not clearly and incontrovertibly determined, it can be fundamentally devalued or destroyed by rifts between the children.
The founder has children with multiple partners. For now, everything works relatively well, but serious conflicts are likely to occur after his death.
Leaving a lot of money to the children without clear rules on how to access it will lead to the money being squandered and can "spoil" the children.
Family members do not have an overview of the family's property. They have no idea what constitutes its assets today, let alone know how to deal with its administration, were the founder to die. In addition, they often do not have the right to handle the assets.
The children are too little and if something were to happen to their parents, they may still be rich, but the property will be handled by someone else and it is not entirely certain whether for the benefit of the children, the business, or…
The children have good ambitions but lack the life experience to be able to manage the assets at present.
The current owners want part of the property to be used for a very specific purpose, one with which their inheritors may not agree, so this purpose may be jeopardized if it is not ensured in some way.
The family lives in uncertainty about what will happen if the founder dies. What will happen? Who gets what? Who will take care of what? Who will take care of minor children? Will they all be secured…?
The family avoids discussing certain topics. Everyone is aware that it is not right, that it is necessary to start talking, but without an "external" intermediary it will not happen.
The spouses created the assets together. Nevertheless, it is now difficult for them to agree. At the same time, they know they can't get their partner to take the steps they consider to be important. They are looking for allies… reinforcement.
The world is full of risks that threaten the family's property and therefore its standard of living, health care, holidays, study opportunities… It is important not to allow the assets, which cost so much effort to acquire, to be lost.
The family has reached a dead end. Not that it's on the verge of collapse, but no one knows which way to go. Something needs to be done about it.
They want the family to be organized. They want a family constitution, a family council…

Contacts

ROSE, Prague office

SmichOff
Plzenska 3350/18, 150 00 Prague 5, Czech Republic
Tel.: (+420) 607 28 58 58
E-mail: info@rose-group.eu

ROSE Slovensko, Bratislava office

Vysoka 2/B, 811 06 Bratislava, Slovakia
Tel.: (+421) 232 786 211
E-mail: info@rose-group.eu

ROSE, Ostrava office

Na Pradle 3389/8a, 702 00 Ostrava, Czech Republic
E-mail: info@rose-group.eu