Succession & Estate Planning

No matter how wealthy, important or busy we are there always comes a time when we need to get our affairs in order.  Whether that be in preparation of the sale of the family business, or we are approaching the end of our lives, there is a reality that we need to prepare for.

Planning is a key factor in maintaining your asset value whatever eventuality is ahead.  Ensuring you prepare for the future is a major factor in acheiving a simple and minimal stress outcome.

Succession planning for business

Many small business owners have their retirement wealth tied up with their company assets.  This makes the process of leaving the business, succeeding to a new owner and realising the business value an extremely important time for you personally.

There is a complex process involving many financial and legal decisions, as well as the emotional element of leaving something you have built over a number of years. In preparing for this process many factors need to be addressed and our knowledge and experience enables us to guide you through each stage. 

Unexpected Succession

Unfortunately, there are times where a business owner may need to deal with an unexpected succession.  If your business does not have its own will in place then acting now to arrange this with us will ensure you have peace of mind for your business future.

In the event of an unplanned exit, or period out of the business due to illness or injury, you and your family need the right support and structure to ensure the assets are retained.  Many businesses fail as a result of such an event, the upheaval of having the main person leave the business for a period or permanently can often lead to business downfall.  If you are a small business owner that has the majority of your assets in the business, then such an outcome could be detrimental to you and your family’s asset position.

We believe in the results that are achieved through properly planning for unexpected situations and know that at a time of need, not having to worry about what could happen is invaluable.

Estate Planning

As individuals it is smart for us to face facts and prepare for our final stage of life. Addressing your final affairs is a challenging task for many reasons, however dealing with this does mean everything is in order for the ones you love.  Our team can guide you through this process, ensuring you have the right insurance in place and that your assets are distributed as you desired (to the extent possible).

Our team can help you to understand the options available and how you can ensure that your situation is prepared to best suit you and your family.

Find out how our advice can better your future. Get in Touch
At the very centre of our business is our commitment and focus to helping you achieve your financial objectives. We exist to create clarity, build confidence, deliver security and enhance opportunity through honest engagement and trusted advice.

ClearWay Advice and Financial Management provides financial planning advice across Far North Queensland with offices in Innisfail and Cairns.

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