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Alan, who is later in his retirement, has three adult daughters at different stages of financial independence, he wanted to make sure his retirement income needs were well managed while also structuring his estate to provide for his family in a fair and tax-efficient way.
Client Stories - Retired
Alan’s Retirement & Estate Planning
Client Overview
The Challenges Alan Faced Included
- Balancing the need for reliable retirement income with keeping enough capital accessible for lifestyle needs
- Holding investments across several structures, which made things complex and harder to manage
- Ensuring his wife would be financially secure if he were to pass away first
- Addressing potential tax implications for his daughters when they eventually inherit
- Wanting to treat his daughters equitably while recognising their different financial situations
Our Solutions Focused On
- Streamlining investments into a simpler, more cost-effective structure to reduce administration and improve transparency
- Establishing an income strategy to provide stable cash flow while retaining flexibility for lump-sum expenses
- Reviewing and updating estate planning arrangements, ensuring his wife is protected and his daughters will benefit in a fair and tax-efficient way
- Withdrawing funds from super and investing in alternative tax efficient options to allow for reduced likelihood of estate challenges and decreasing likely tax payable by his adult daughters.
- Coordinating with his solicitor to align his financial strategy with his broader estate plan
- Providing ongoing guidance and monitoring so his arrangements remain appropriate as legislation and family needs evolve
Where Alan is Now
Alan has confidence that his retirement income is secure, while his estate planning wishes are well structured. His wife’s financial future is protected, and his daughters will benefit from an inheritance that has been carefully arranged to reduce unnecessary tax. Most importantly, his financial affairs are now far simpler, giving him peace of mind and more time to focus on enjoying life with his family.
These stories are real client stories. For privacy protection, we have changed their name and used an stock image.
