In planning an individual’s estate the object is to get the individual to own NOTHING. This position is attained by establishing the correct Corporate and Personal structures that will own all the assets, investments, properties, commercial properties and businesses that an individual would have owned in their personal capacity.
Correct structuring will ensure that the estate is not frozen thus avoiding personal hardship to spouse, children. The death of an individual would avoid the 18% CGT, 3.5% executor’s fee, 6% Executors fee on gross revenue and 20% estate duty. Costs could effectively be zero!
To complete the estate planning an individual needs to have their Last Will and Testament finalised to dovetail with the structures that have been put in place.