The #1 Estate Planning Mistake Business Owners Make

Got a trust and never asked who ends up controlling it? Book a time with us here: https://cotchy.com.au/booking/ __ Most business owners I sit with have a will, but their business, properties and investments sit in trusts and companies, and a will doesn't reach any of it. What decides where that wealth goes is who controls the trustee company after you're gone. In this video, I go through what happens to a family that leaves this alone, how we set it up with one trust per child, and the handover of the trustee company that moves control across without a capital gains tax event. __ Cotchy is a Melbourne-based CPA firm helping growing Australian businesses get their tax, structuring, bookkeeping, compliance and Virtual CFO support sorted in one place. This channel is where co-founders Pat Mannix and Vishal Devle, and the wider Cotchy team, break down the strategies we actually use with clients turning over between $1 million and $30 million. Pat has spent more than 35 years advising Australian business owners, and Vishal is the co-founder most clients meet when they come on board. __ CONNECT WTH US Website: https://cotchy.com.au Instagram:   / cotchy.com.au   LinkedIn:   / cotchy   Facebook:   / cotchy.com.au   __ Video produced by: Social Wave https://www.socialwave.com.au/ DISCLAIMER: The information in this video is general in nature and does not take into account your personal circumstances, objectives or financial situation. It is not personal financial, tax, legal or investment advice, and you should not act on it without getting advice tailored to your own situation from a qualified professional. Tax laws change, and some of what is discussed may be based on proposed legislation that is not yet law. Cotchy Pty Ltd (ABN 96 633 381 754) is a CPA practice. Liability limited by a scheme approved under Professional Standards Legislation.