Estate Planning and Risk Management Strategies 



Scope of Advice.

Estate Planning Issues of Simon and Diane Peel

Significant areas of financial planning.

Different strategic options.

Essential of strategic planning for personal business growth.

Strategic Planning and Writing a Business Plan.

Meeting liabilities.


Overview of Performing Real Estate Value

A Statement of Advice is a memorandum which highlights simply the advice given by the expert in the field and then also helps to explain why certain proposals were managed to make. The Advice Statement must be submitted in order to comply with the Financial Services Legislation Act (2002).

Scope of Advice

The Advisory framework is intended to cover two key areas,

Products and services are authorized to deal with by Financial Adviser as described in your Financial Services Asset Table (FSAT). The FSG outlines the education of consultants and items issued under financial services Legislation Act.

B- What advice you need as a customer as well as how the consultant could really help you accomplish this with regard to the products and services that the consultant is permitted to cope with in accordance with their FSG

Our financial advice and so this document primarily discuss the key fields of suggestions, as agreed as per the Chart of Family and their requirements.

Estate Planning Issues of Simon and Diane Peel

  • Live at 2 Munro Avenue, Highest, VIC 3190
  • Simon is a 55-year-old working as contractor in IT firm, Diane is an accountant at 52 years of age. For 18 years they were together.
  • Simon has a testament dated 11 March 2010, although Diane never had the testament. His former colleague, Simon's executor, is also called his continuing authority as a prosecutor.

Family tree of Simon and Diane Pool is illustrated below:

Estate Planning means strategies and techniques for preservation and distribution of accumulated assets.

Significant Areas of Financial Planning

Health Hazard Insurance - Health insurance requirements for full and terminal illnesses, compensation for injuries and benefits from disorders, this insurance may require for children below the age of 15 year (Jet and Amber), but they would be responsible for payment of installment after the age of 18, other two child are responsible for their own insurance as they are entered into adult age .

Some people imagine living in an old French-style castle in the mountains, while others imagine living on a beach in a tropical region, with a beach every morning. And is greeted by the gentle footsteps of the waves on the beach, this option could be availed after retirement. And, of course, some of us dream of living in a sci-fi home in the near future, with all the magic that modern technology can provide. But while we all like to dream and imagine, some of us want to do more than that. Some of us really start planning and the process to make our dreams come true.

So, what if you are one of those people? What if you are not satisfied with just dreaming and imagining, but really want - a need - to pursue your dream home legally as your life goal? Now, if you have already acquired money and wealth, the process may seem relatively easy. But if, like most of us, you need to plan and save significant time to get to your dream home, it's important to get your ideas right and work on them until you can (Li, Zhou, Shrestha, & Liu, 2018).

Here are some tips to help you plan your dream home so you can actually take the necessary steps to stay in it for a day. Plan ahead in terms of size - are you expecting or expecting more for the family? When your own dream home is likely to be something you can only achieve in the future, an easy mistake is to present your current general situation over time, without thinking about how it will happen. Change in the future - or more importantly, the way you want to change things in the future.

If, for example, you are lazy at the moment but determined to have children at some point in the future, there is no point in planning a dream home with no room for new additions to the family. But here children are living separate after reaching their adult age. Instead, plan your dream home according to your dream life. If you want three children, for example, then plan for a place that has space and facilities for a family of that size.

Getting an education means you go to school and study. Education is a right for children. These are just some of the goal setting shareware that you can use. Second, education is a means of empowerment, a means of promoting children's rights, and can equip individuals with the skills necessary to live a better life. Skills education must be available to every child, without prejudice and respect for their dignity, regardless of race, gender or disability; If they are in detention, or if they are refugees (Robin, 2018).

Free and obligatory primary education should be offered whereas secondary education should be affordable and open to all students. This will be recommended among both children and young people among achieve the best quality of education possible.

Getting an education means you go to school and study. Education is a right for children. These are just some of the goal setting shareware that you can use. Second, education is a means of empowerment, a means of promoting children's rights, and can equip individuals with the skills necessary to live a better life. Skills education must be available to every child, without discrimination and respect for their dignity, regardless of their race, gender or disability; If they are in detention, or if they are refugees. Their youngest child Amber may have some undiagnosed issues as she struggles with school and had to repeat year five.

Primary education should be free and compulsory, while secondary school should be available and accessible to every child. All children and young people should be encouraged to get the highest level of education they can afford (Liu, Li, Shrestha, Martek, & Zhou, 2018).

Teresa lives independently in her $800,000 she owns, at the end this might be transfer to her child Diane even having will upon it. Its due to strong influence of Diane on Teresa

Her husband (now deceased) bought it in 1971 but Teresa moved into the house when her husband died at the age of 10.

Many years ago. This is his residence and is directly owned and never owned

For rent.

Different Strategic Options

Having heaver investment and farm place at the age of 55, men always thinking about taking rest in live instead of doing hardworking job, but there may work hard on their own farms. So, Simon should have strategic planning for farm business as soon as possible.

Building up your company involves determining several times how you want your company to expand. A crucial aspect of growth strategy is the creation of a master plan. This allows you to build practical opportunities for your company and to boost the opportunities for the company.

A business strategy is not like a company program. A business plan aims to set and take the necessary steps in order to achieve short- or medium-term objectives. Usually, a Corporate Strategy identifies and develops plans for meeting short- to long-term company targets. You have loads of proposals to execute as an IT provider when you have hectares off the city (McKeever, 2016).

This document describes the basic concepts of the strategic planning process. This explains how a business strategy will be worked out and outlines a few key problems and how to proceed from preparation to implementation.

Strategic planning is designed to identify and establish a strategy to accomplish general goals for the business. It includes a break from the daily life and questioning where you are conducting the business and what are your priorities?

Essential of Strategic Planning for Personal Business Growth

Deciding to expand your company successfully requires managing the risks of development. You can be effective in that and handling this challenge by investing time determining where you want to go-and how you can get there.

With the development and complexity of your industry, strategizing needs to become prudent, manage growth and help you collect the leadership and tools that you need to expand your company. To do this, you need to collect and analyze more information about your business — internally and in your existing and potential markets.

Strategic Planning and Writing a Business Plan

The strategic planning process is about how the company is going. This involves deciding the overall company priorities. The strategic strategy aims directly at presenting you with a clear guide in the path you seek. However, to build a successful approach, you must divert your mind from daily business activities to search at large to viable alternatives. Your strategic preparation and approach will be complementing each other. The family farm is outside the region on a number of hundred hectares. Northeastern outskirts of Melbourne, but Dine insists that she doesn't know the price.

Strategic preparation requires a long-term approach to boost the agribusiness' sustainability and productivity. Those may involve creating new industries for the agriculture, such as sustainable farming, on-farm manufacturing, direct customer marketing or productive development of traditional farm goods. The purpose of the strategic planning phase is to establish an agri-business to meet the objectives of the entities involved with the organization. You will achieve so by taking advantage of the trading forces in the industry (Sternik & Sternik, 2017).

Strategic planning means that a business plan is developed and the plan is implemented and evaluated. This is the method to build a development strategy for your particular agri-business that you can use.

Some of the aims of the organization is to fulfill the specific aspirations of its workers. Anyone participating in the company would then establish their own specific goals. What you want as an individual to achieve is a personal objective. Our main aim is often to make money. Most people are dynamic beings. Individual targets can include a bachelor's degree, time spent with the family, collecting funding for children, purchasing a holiday home, joining companies, charitable work, etc. Specific goals may also concentrate on commercial practices, like the manufacture of clean and healthy goods for customers, work growth for the entire family, potential generations of farming opportunities.

If your specific goal is established, contradictions should be discovered among individuals in the agri-business market. You will then agree on the specific priorities of the business. These personal goals will form the basis of the development of business goals.

Commercial objectives: The reason for corporate priorities are human expectations. It is the way the family puts its will on the corporation. Company priorities will be established to fulfill the expectations of people and families participating in the business. When company goals are not established, they must be reassessed .

For starters, if you are buying a holiday home, the money may have to be charged out of company. Economic income may therefore be an essential company priority. Yet if a bachelor's degree becomes a specific intention, the company should take the time to accomplish certain goals in a formal framework. The corporation can also have the goal of growing the company's requirements for research or seeking additional capital.

External scan: Scanning is the method of determining what takes place around you. External scans require an examination of farm gateways and an overview and appraisal of the community, business and social conditions. It is founded on the idea that there is not stagnant, but fluid and ever evolving world in which you stay and function. Strategy is how the company takes advantage of its competencies to achieve its market goals through environmental incentives (external scanning products). Because business goals are focused on the desires of business owners, the attainment of business objectives offers incentives to accomplish personal and family objectives.

Strategy formulation involves determining the business alignment that your organization needs and social (opportunities) climate and what your organization (fortification) provides. You gain a competitive edge from this strategic agility. Competitive advantage can improve your business over its competitors. Over the long term, cost benefits at low costs would be viable.

Meeting Liabilities

Current business as IT contractor have full potential to meet up both current liabilities like mortgage on home and mortgage on investment being considering his past record of paying.

When part of a marketing strategy, you will accept a obligations. Liabilities are the sums to be charged to investors by payments, bank advances, bonds or warrants given to collect capital. The idea behind these so-called financial instruments is always the same: in return for a promise to repay the loan for a period of time (usually with interest), you are given money or some value. Often a guaranteed loan is the house that you hold. (If, in keeping with the agreements, you do not pay back your loan, your creditor can take away the property from you).

The currency liabilities owed by the company within a year are existing liabilities. The service period is often greater than one year. The existing debt would in this situation be charged in the context of the business period. The existing obligations in the business are found in the balance sheet.

The liabilities of the existing ones can be settled in a number of ways but most of them are settled by reducing current assets, cash or debt. The replacement of existing liabilities with other responsibilities is another way to deal with existing obligations. In deciding the financial state of your business, it is critical that you consider your current assets and liabilities as well as their shared understanding. That is that the sum on each of you can inform you if the organization has the resources to pay back the obligations in the year or over the market cycle.

Success in the real estate investment industry doesn't happen overnight, and it certainly doesn't happen without proper planning or implementation. For entrepreneurs, a real estate investment business plan can serve as a road map for all your business activities. Simply put, a real estate business plan will play a vital role in shaping your investment career.

For a successful business plan, investors need to strategize on some key elements. This includes future goals, company values, pricing, financial strategies and more. Once completed, a business plan can lay the foundation for a seamless operation and shape the future with unlimited potential for your investment career. Read on to learn how to create an asset business plan today.

A real estate business plan is a living document that provides a framework for business applications and purposes. A business plan will include the company's future goals and organized steps to achieve them. Although business plans can vary from investor to investor, they usually involve one to five years of planning at a time.

Designing a business plan for real estate investment purposes is undoubtedly the most important step a new investor can take. An RII business plan will help you avoid potential setbacks and succeed. It's a blue mark to follow when things go according to plan, and even when they go astray. If nothing else, a real estate company business plan will determine what steps investors should take to achieve their goals. In many ways, nothing is more important to investors today. After all, it was his plan to walk the straight path to success.

Conclusion on Performing Real Estate Value

Diane and Simon have more than double or triple their assets as compare to there liabilities, they have paid about 6 million for home owned as joint tenants, Diane have business interest for 0.3 million and it have potential to growth in next 10 years. Fund for superannuation can meet their future need of children education.

A real estate business plan is a document that outlines the agency's mission, mission and goals. This plan provides clear direction to participants and employees on how the company will benefit. To write a business plan, evaluate your market, prepare a company description and mission statement, set revenue streams, and estimate costs.

Market assessment summarizes the financial, cultural, and demographic factors that affect the buying and selling of real estate in a particular area. This is an important first step in writing your business plan as it defines the potential opportunities and challenges for business success. To complete the market assessment, draft the market description, define your target audience in the market and search for competition. Finally, complete the Comparative Market Analysis (CMA).

Market Overview Ha market is a collection of historical and current data about the market that can be used to predict future sales. To help you determine your target audience and the area of the farm, select the zip code you want to use, then the number of homes that have been made public as well as the rise and fall of house prices in that area. , And find out the number of homes bought or sold. There are opportunities. In the last one year and how many properties were lost without being bought from the market.

Finally, consider the major economic or cultural factors that can influence home prices, sales numbers, and market fluctuations in these zip codes. Review local laws and regulations to see how it might affect your research.

Investment property must be saved for estate business on land out side the city. UK investment property and shares in business could be withdrawn upon estate business development plan. Liabilities for business could be paid with current working obligation and its must be target to pay off as soon as possible in near future. This can enhance the chances of further loan or investment in estate business if required.

Refrences for Performing Real Estate Value

Oros, R., (2008). Charles Schwab and Co Inc, Method and system for integrating investment advice with financial account statement information. U.S. Patent 7,383,218.

Li, K., Zhou, Y., Shrestha, A., & Liu, G. (2018). A cluster analysis of real estate business models in China. Paper presented at the Proceedings of the 21st International Symposium on Advancement of Construction Management and Real Estate.

Liu, G., Li, K., Shrestha, A., Martek, I., & Zhou, Y. (2018). Strategic business model typologies evident in the Chinese real-estate industry. International Journal of Strategic Property Management, 22(6), 501-515.

McKeever, M. (2016). How to write a business plan: Nolo.

Robin, E. (2018). Performing real estate value (s): real estate developers, systems of expertise and the production of space. Geoforum.

Sternik, G., & Sternik, S. (2017). Evaluation of the mid-market investment returns in real estate development when forecasting the housing market. Studies on Russian Economic Development, 28(2), 204-212.

Remember, at the center of any academic work, lies clarity and evidence. Should you need further assistance, do look up to our Management Assignment Help

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