A will is a legal document that coordinates the distribution of your assets after death and can appoint guardians for minor children. A will is important to have, as it allows you to communicate your wishes clearly and precisely. It is advisable to work closely with an estate planner to create and update your will.
When there is no will
If you don’t have a plan, your government has one for you, but you probably won’t like it.
Without a will, the country in which you reside decides how to distribute your assets to your beneficiaries according to its laws. This is known as dying intestate, and the resulting settlement process may not produce the results that you would prefer for your survivors. You can prevent this from happening by having documents drafted that reflect your wishes.
A will provides your instructions, but it does not avoid probate. Any assets titled in your name or directed by your will must go through probate process before they can be distributed to your heirs. (If you own property in other country, your family will probably face multiple probates, each one according to the laws in that country.) The process varies greatly from country to country, but it can become expensive with legal fees, executor fees, and court costs. It can also take anywhere from nine months to two years or longer.
Safety net & build wealth
You can transform your business to a revenue-producing asset that lets you work as much or as little as you want.
Business planning & strategy
Our clients are often surprised by the possibilities we present to them; by thinking outside the box we present exciting new ventures:
- Work fewer hours — and make more money
- Attract and retain quality, high-paying customers
- Manage your time so you’ll get more done in less time
- Hone sharp leadership skills to manage your team
- Cut expenses without sacrificing quality
- Automate your business, so you can leave for days,
Research beyond the business plan
We also ensure that the whole team is included in the process and that no one is left out during the turnaround. The most crucial part is ensuring some degree of financial stability during the turnaround.
This is the most worrying part for most clients going through or needing a turnaround; it means that incoming cash flows will change completely. We help ease these issues through fantastic financial projections and a realistic view of what can be accomplished.
Creating a list of potential qualified prospects for your service or product can be daunting when you’re beginning your business. However, this needs to be considered as a follow up on your Target Market Analysis so you can hit the ground running.
Business plan market
Financial projections are a necessity for any company. As the leader of the company you need to know how your finances will look the next year. This also has the benefit of alerting you to any red flags you may be unaware of:
- Don James/Semplice – Article and News research
- HighVoltageBusiness – Company and Industry Research
- Goovers – Company and Industry Research
- IRISpace – Industry Research
- Lexos-Nexos – Company, Industry, Market Research
- Plombett – Industry Research
- Pronounce – market analysis report “slices”