Robyn Donovan | 30/03/2009 10:06:53 AM

As you accumulate assets and investments you will need to consider developing a succession plan for your business or for your farm. You will also require a will, an Enduring Power of Attorney and a process to develop your Estate plan.

When thinking about distributing your assets, the development of a Will is often the first step. If your situation is complex and assets are owned by entities other than by yourself as an individual, an Estate Plan can ensure that your assets are protected and the tax is minimised for your beneficiaries.

The process of Estate Planning involves careful consideration when drawing up your Will.

Seeking qualified advice in this area is essential. Estate planning involves setting up a Power of Attorney and seeking advice on the capacity of your existing business structures to protect your assets.

If you would like a free consultation with a CIPL Advisor to discuss any of these matters regarding Estate Planning contact us.

For Further Information:

Power of Attorney Department of Justice

The Investment Collective (AFSL 471728) is a non-aligned financial planning and investment firm specialising in providing tailored financial and investment advice for individuals and small business. Capricorn Investment Partners Limited's services include financial planning, share trading, portfolio management, insurance broking and self managed super fund administration. Additional information on services provided by The Investment Collective Limited can be found by following this link. Readers are reminded that this document has been prepared for general information purposes only, and any advice contained herein has been prepared without taking into account your financial objectives, situation or needs. Readers are advised to see their financial advisor prior to acting on any general advice.

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• Business Planning