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Achieving Your Wealth Goals Isn't Easy

By Andy Brown

First you have to earn the money,

Then you have to make it work for you,

Then you have to hang on to it so it can continue to work for you and your family,

Then you have to choose to be able to pass it on to future generations.

 

So many things can go wrong while you are doing all this. From credit risk to taxation risk to market risk to liquidity risk …. It goes on and on.

 

What is important is to PROTECT your assets and CONTROL them without some of the negatives of ownership risks. Many of the historically famously wealthy families control assets but don’t own them through the use of trusts.

 

Each case is individual but suffice to say that the structure in which you hold your investments is crucial to minimise risk and be cost effective in managing the assets.

 

Here are some of the benefits that a suitable structure would give you -

  1. Taxation efficiency – allow you to minimise tax through various tax law concessions
  2. Control efficient – allow you to direct what happens with the asset either investment or sale etc. without having to go through a network of decision makers
  3. Longevity – the asset can remain in the structure (perhaps long after you have passed on) , as changes to ownership generally has a cost attached to it
  4. Finance efficiency – allows institutions to easily lend to the structure

 

Unfortunately sometimes you can’t cover off on each benefit i.e. often there is some trade off in priority – we work through which matter most to you.

 

Because our clients’ needs and wishes are so different, each case is different so there is no “best” solution except for one – talk to Andrew Brown and the Business Services Team. 



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Accountants & Financial Planners - Mortgage & Finance Services
IMPORTANT NOTICE

On this entire website, information is of a general nature only and has been provided without taking account of your objectives, financial situation or needs. Because of this, we recommend you consider, with or without the assistance of a financial adviser, whether the information is appropriate in light of your particular needs and circumstances.

No representation is given, warranty made or responsibility taken about the accuracy, timeliness or completeness of information sourced from third parties. Because of this, we recommend you consider, with or without the assistance of a financial adviser, whether the information is appropriate in light of your particular needs and circumstances.

Anthony Klatt, John Grocke and Mathew Wilkshire are authorised representatives of Paragem Pty Ltd. Paragem Pty Ltd ABN 16 108 571 875, is the holder of Australian Financial Services License number 297276 and these authorised representatives trade as Johnston Grocke.

AG Finance Group is a Corporate Credit Representative (396686) of BLSSA Pty Ltd, ACN 117 651 760 (Australian Credit License Number 391237).