Lorraine and Shane already had some legal and financial structures in place. They assumed these would safeguard them should any unforeseen circumstances arise. With a young child on board, they wanted to make sure all their ducks were in a row. Lorraine and Shane were a bit “in the dark” about how to administer these. They were also unsure whether they actually did the job they wanted them to. So they started a journey to find clarity and certainty. This would have some some unexpected results.
“Without the help of Full Focus we would have been completely out of our depth handling all the issues around the Trust and the Company….”
Our starting place was to conduct a Wealth Maximisation Audit for Lorraine and Shane.
This highlighted some glaring errors in their legal documentation, in particular their Trust. Specialist advice was sought and recommendations given about the integrity of their Trust. It wasn’t good news for Lorraine and Shane. They had to come to terms with the fact that the structures they had in place weren’t doing the job. In fact they were detrimental rather than beneficial.
Added to this, their outdated financial arrangements were less than satisfactory. They did not support the way they wanted to manage their business. Carrying out a complete financial shake-up meant some hard negotiating with their bankers.
They gave serious consideration to some of the advice they had been receiving. It was clear some advice was bad and would have serious repercussions down the track. We worked together with Lorraine and Shane to rectify this situation. It wasn’t an easy process. But with Full Focus on their side, Lorraine and Shane were able to stand up to the professional mumbo jumbo. They got their affairs sorted and working the way they wanted them to.
“We had become too reliant and trusting. We’d been brought up to respect accountants, solicitors and bankers – accepting their professional advice and recommendations without question….”
Tailored Legal and Financial Structures
Shane and Lorraine now have legal structures that are completely tailored to their circumstances. They work how they want them to, and they provide benefits for them now and in the future. They also have systems in place to administer their structures. This ensures their integrity going forward.
Added to this, they now have professional advisors that support them in what they’re up to. They add to their business and provide advice that’s beneficial and in their best interests.
They also have customised financial arrangements in place.
Lorraine and Shane are now able to concentrate on building their business. They no longer worry whether everything they’ve got in place will stand the test of time. It wasn’t an easy journey, nor was it a quick one. But the outcomes mean Lorraine and Shane have certainty on the state of their affairs. They have the peace of mind of knowing they are building their wealth on a strong foundation. They know the security of their family is well safeguarded.
“Full Focus are extremely approachable, straightforward and want you to succeed – someone on your side…” more