Succession Planning

Summary: This article explores the estate planning implications of a father gifting $2 million to his children in Australia. It highlights the potential risks, tax implications, and considerations related to aged care and government benefits. By understanding these factors, individuals can make informed decisions and develop a comprehensive estate plan. Introduction  In this scenario, the …

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The Impact of Owner-Dependency on Small Business Value This article delves into the detrimental effects of owner dependence on small businesses and their ability to achieve a desirable sale price or business continuity. Drawing insights from the information provided on the BizManagerOnline (BMO) website (https://bizmanageronline.com/), it emphasizes the significance of implementing a robust business operating …

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Introduction:Estate planning is a crucial process that allows individuals to arrange their affairs and ensure the efficient distribution of their assets after their passing. While it may not be a topic many people want to discuss, estate planning offers numerous benefits that can provide peace of mind for you and your loved ones. In this …

What Are the Benefits of Estate Planning? Read More »