Small businesses are much more than a job that you go to every day. To most owners the success or failure of their business will have a direct impact on their ultimate quality of life, both at the present time and in retirement. For this reason it is important that responsible Business Advisors consider estate planning and asset protection issues as an integral part of the business profile as it is today. Family Trusts can be a powerful asset protection tool and are one of the first ‘ports of call’ when we consider individual risk profiles.
Being able to determine when, how and on what terms you exit your business is possibly one of the most important planning decisions you will make as a business owner. However, it is also one of the most overlooked.
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