July 1, 2020

ESS: How to Avoid Financial & Emotional Turmoil (case study)

yellow tipper truck driving - Case Study

Prior to my involvement with his affairs and following his unexpected death, my client had inadvertently created a devastating financial legacy that would take years to sort out and cost his estate hundreds of thousands of dollars to resolve. The situation had arisen in part because he received poor advice concerning a very large contribution of vested shares from an Executive Share Scheme to an SMSF which resulted in extremely significant tax and regulatory breaches.

While this case study focuses on significant Executive Share Scheme (ESS), superannuation and tax issues, it is a cautionary tale about what can happen when qualified and collaborative advice is not obtained in a timely manner.

Read the full case study here.

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