Estate planning
Very often we find that business owners have no wills or wills that don't adequately cover their current personal or ultimate beneficiary's circumstances. Assets that are owned by a family trust, superannuation fund or company cannot be specifically dealt with in a will. This is because they are not owned by the business owner personally, even though the business owner controls the entity.
Without a properly structured will containing instructions for the executor about the owner's wishes and consideration for various circumstances such as protection for beneficiaries (including commercial and marital risks), any business owner's legacy could be in jeopardy.
Without a properly structured will containing instructions for the executor about the owner's wishes and consideration for various circumstances such as protection for beneficiaries (including commercial and marital risks), any business owner's legacy could be in jeopardy.
For more information about Grant Thornton’s estate planning, contact:
Tony Markwell
National Head of Privately Held Business
T +61 7 3222 0229
E tony.markwell@au.gt.com
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