Peter Cramer, Kerry Schultz & I hosted an “Asset Planning” seminar in our offices last week with a full house of over 50 attendees present as well as 12 people listening in via our online webinar.
The main topics covered during our session centred around protecting your assets as well as looking at ways to effectively plan the passing of your assets via your Estate.
There were 5 key strategies we worked through during the presentation. These were:
The simple thing that you can do in the first instance is to meet with the experts at Green Taylor Partners to review your current tax structures and Will. We will be able to show you what the consequences would be in the event of your death or incapacity as far as control of your assets, taxation positions, potential for Will challenge and in whose name your assets would end up.
The results of this process alone should provide you with enough answers to determine whether the plans you have for the eventual transfer of your assets are in good order or whether action needs to be taken.
One thing we are continually alarmed about is the instance of people not having an up to date Will as well as people not having Enduring Power of Attorney documents in place. If you haven’t got these documents – you need to!