Trust setup
We can provide advise on Trust setups. If you want to explore this area some more, we are happy to provide some information to assist.
Estate Planning - Providing Peace Of Mind
Estate Planning is a prerequisite for anyone who owns and operates a family business or has money in a superannuation environment. The right type of planning will ensure a smooth transition when a business is sold, upon retirement or upon death.
Ideally an estate plan would be implemented over a five year period and be designed to encompass the desires of all associated parties for a successful outcome. Of paramount consideration is any possible financial burden on the next generation.
An estate plan would also include and ensure the following:
- Continuity of family ownership of assets
- Maximization of retirement income
- Provide a retirement income or pension for retirees
- Assist beneficiaries with financing options if required
- Tax effective result on sale or transfer of assets
- Review of appropriate insurance coverage
- Provide financial security and peace of mind
- Clarify and document the desires of all associated parties who may have conflicting opinions
- Reduce conflict and contesting of wills after death