Succession & estate planning

From this heading, there are two issues that we recommend that our clients consider now! Who takes control of their business and their personal assets when they die.

Business succession requires many decisions to be made – and it is preferable that they are made now, not after passing.

Some of the decisions that need to be made are:

Who will own the business?
Who will govern the business?
Who will manage the business?
How will a business partner buy-out your share?

Estate planning also┬árequires many decisions to be made – and again it is preferable that they are made now, not after passing.

Some of the decisions that need to be made are:

What personal assets are distributable?
Should those assets be distributed before or after death?
Are those assets distributed by will or by your superannuation fund?
Who should they be distributed to?
Should the assets be held on an intervivos or testamentary trust?

Dobbie Services can help with these decisions by fully informing you of the effect of those decisions – call us know!

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