Generational Transition

Structuring the wealth transition across generations.

Planning and implementing the generational transition: wealth transfer tools (trusts, holdings, gifts with retained usufruct), disparity management across family branches, and tax and legal coordination throughout the process.

Who it's for

Who this practice serves.

Typical client

Family head in transition

Family senior (60+ years) planning the transition of control and wealth to the next generations in a structured, tax-efficient way.

Typical client

Families with differentiated heirs

Families with children or grandchildren who hold different roles and attitudes toward the wealth (active vs passive, managers vs beneficiaries) and need to align economic and governance rights.

What we do

Generational Transition.

  • Design of family trusts and holdings for an orderly wealth transition.
  • Gifts with retained usufruct and other intergenerational transfer tools.
  • Disparity management across family branches (active vs passive heirs).
  • Tax coordination of the transition (gift and inheritance taxes).

The method

How we work.

01

Wealth audit

Full inventory of the wealth (operating vs financial vs real estate assets), review of family-member ownership shares, analysis of inheritance constraints.

02

Transition design

Selection of instruments — family trust, equity holding, gifts with retained usufruct, patto di famiglia (Italian family business transfer pact) — and calibration of tax timing.

03

Disparity management

Alignment of economic rights and decision-making powers: multiple voting, share classes, drag-along/tag-along, representation on the family board.

04

Implementation

Notarial deeds, contributions, tax registrations, communication to family members, and support through the early post-transition phase.

Output

What we deliver.

Every mandate concludes with concrete, formal, and archivable deliverables.

  • Estate planning memorandum
  • Corporate and fiduciary deeds
  • Tax calendar of the transition
  • Disparity management framework

The team

Lead partner.

Ugo Zampieri

Partner

Senior expert with over 25 years in M&A and debt restructuring across IT, business services, and healthcare, with Italian and cross-border experience. Originator of mandates for several IPOs on the EGM segment (formerly AIM Italia of Borsa Italiana).

Gian Piero Sala

President

Chartered accountant since 1993, court-appointed expert (CTU) at the Tribunal of Milano (Milan). Cross-border M&A negotiations.