Estate Planning

Traditionally individuals have not been able to gift more than $27,000 in one year. Recent Law changes removed this limit and now gifting may occur without restriction this also removed a major Estate Planning consideration as assets may now pass more freely among family etc.

 

Estate Planning often uses Family Trust ownership for asset ownership to be directed into areas which Trustees deem necessary. Also it is essential you think long term as you need to decide if you require as a succession plan to pass your business to family or will you just sell it and fund you retirement from the proceeds.