In case of incapacity – what’s your plan?
The sad reality is that illness, accident or old age might strip us of our decision-making capabilities – and that’s an important area of estate planning, especially for those in business with complex tax structures such as companies, trusts and SMSFs.
Conversations early and the right documentation will help bring peace of mind for all concerned. Tax expert Michael Jones is joined by Greg Keady of APW Partners on estate planning for those family members who have lost the capacity to make decisions. They examine three particular areas: Enduring Power of Attorney, the appointment of a Medical Treatment Decision Maker, and an Advanced Care Directive.
Audio by Business Essentials. For more business interviews please visit http://www.be.com.au/business-essentials-audio-programs