A Personal Will Cannot Run a Business
For many business owners, estate planning ends with a personal will. The house, vehicles, savings, and personal belongings are dealt with neatly, while the business is mentioned briefly, if at all. That creates a serious gap in your continuity plan. A business is not just another asset in an estate. Shares, directorships, signing powers, shareholder […]
Common wealth-planning mistakes
In his poem The Mistake, James Fenton talks about the sad truth in making mistakes. He beautifully describes that even with blatant warnings that are ignored or subtle hints that have gone unnoticed, we sometimes go about our lives not knowing about the mistakes we are making and how they will impact our loved ones […]
How trusts preserve generational wealth
The estate duty savings are compounded over several generations Articles on trusts are often aimed at settlors or donors to highlight the benefit of trusts and the role they play in estate planning at the ‘first-generation’ level. In this article, the author aims to illustrate to second-generation beneficiaries the effect of the decisions their parents […]