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Are These Yours?

Waiting, waiting, waiting....

Introduction

Whenever I see photos of these birds, they remind me of something I have seen many, many times over.

Can you guess what that is?

Well, it’s comparable to the potential beneficiaries of an estate just waiting for the opportunity to pick over the bones of the deceased’s remains. And when that opportunity does arise, what a war it can be! As I’m sure you’re aware, even violence can become a factor.

Siblings against each other, siblings at war with a parent or parents, beneficiaries spouses versus other family members .. and offspring from merged families, ex-spouses, estranged children, business partners, corporate affiliates and on it goes.

This situation can be especially applicable to when someone dies intestate (without a Will) and/or hasn’t made the appropriate estate planning and succession planning arrangements.

The end result of such circumstances can mean the break-up/breakdown of family ties, the dissolution of a business and extreme financial distress for the deceased’s remaining family and business allies. The concerning factor about this is that it is all so unnecessary.

The remedy is to take a bit of time and apply some aforethought into what will happen when you die. Additionally, this same principle should be applied to all adult family members and business partners.

To keep the vultures at bay – review your estate planning arrangements now. Once done, inform the relevant family members and business/associates as to the steps taken by you.

Doing this is just one more step towards peace of mind – for you and your family!

Image of vultures sitting on tree log with caption Are These Yours?

How FBA Can Help You Deal With the Vultures

At Family Business Advisory (FBA), our purpose is to help family businesses succeed on a sustainable basis. As such, we provide you with access to specialist family, business and technical services with a goal being to generate opportunities for families in business.

In order to complement our own particular specialised skills, over the past several decades, we have developed a network of trusted, professional advisers in such areas as:

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Moreover, we work at all times to give you peace of mind and proactive support to help navigate any changes in the market brought about by legislative changes, geopolitical events and general market conditions – all to maximise your personal wealth and security.

These services are provided by FBA, in association with the Wealth IQ Group.

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