I have recently been involved in a number of projects -- both personal and professional -- that got me thinking about the importance of a clear plan to manage succession and transfer of assets between generations.

This has highlighted the importance of understanding the principles of asset transfer and getting quality professional advice. Knowing your options and understanding how to get them to work for you and your family is fundamental to a smooth outcome in this delicate area. While the law and consequent choices are different either side of the Tasman, the ingredients for success are the same.