This video is a filmed session from NSW 12th Annual Estate & Business Succession Planning Day, PowerPoint slides are incorporated with the presentation.
Many families have worries about lending/giving/leaving money or other assets because of concerns about their children's partners or troubles in blended families. This video considers these issues, whether it be during life, on death or after death, including:
- what restrictions do you need to take account of?
- what structures are appropriate?
- should you communicate the decision to all of the children?
- does the nature of the concern impact upon the course of action?
- the need to properly document what you are doing.