Conciliation is a process whereby it is intended to gain goodwill or favour to reduce hostility. It is intended to conciliate those who are potentially discontented.
This service provided by GSC has been set up in order to assist families or partnerships to divide their assets whilst there is relative harmony between the parties or their offspring.
Conciliation
All too often after the death of a loved one, families find themselves dividing assets in the absence of an agreed plan, causing stress, interpersonal tension and often relationship breakdown. These common but unfortunate situations are preventable with the assistance of external support.
The service of a confidential independent professional can be engaged to navigate legal and interpersonal challenges with the division of family assets. This enables resolution sooner rather than later and helps to maintain harmony within a family.
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Different to conventional estate planning, conciliation aims to circumvent family tension and maintain harmony by dividing assets proactively and early.
Cost and time investment of conciliation is a fraction of that of estate disputes.
Assets are divided in a negotiated reasonable way, ensuring ongoing harmony compared to resentment, anger and disquiet often seen after family disagreements over wills.
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Accountants, solicitors, financial advisors and other service professionals can:
Maximise client satisfaction by pre-empting and avoiding family tensions caused by division of assets.
Implement asset division sooner.
Delegate the complex process of conciliation.
Receive agreed documentation reflecting family decisions and arrangements for final drafting and implementation.
ADDITIONAL BENEFITS
Independent process to remove bias
Improve harmony and resolve issues
Consensus where the skilled Conciliator can guide the parties
Overview agreement sent to the solicitor / accountant / financial planner / service provider for finalising and implementing
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Families are proactively referred to a conciliation service by a professional service provider
Conciliation is usually a once-off exercise lasting approximately 1 to 2 days, depending on complexity
The mode can take many forms, for example, a plenary session with private breakout meetings and a return to plenary to confirm the arrangement
The final output is an agreed blueprint plan, delivered to the original professional service provider for completion and implementation
Confidentiality is assured
