This the most critical item overlooked by people in business. It involves the protection and future planning of your assets and therefore the assets and financial well-being of your dependents.
It's important to plan your family and business structure early before you have a wealth accumulation and distribution problem.
Planning must take into consideration:
- The nature of your business. Especially the risk level
- The protection of your assets.
- The protection of your dependents and their financial needs.
- The tax effectiveness of any plan or structure.
- Your future requirements, especially on retirement. Ask yourself "When do I want to retire and what lifestyle can I afford then?"
We can help with the setup and maintenance of family trusts or companies, gifting and general estate and tax planning.