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Welcome:

Welcome

Site Map:

Site Map

Adviser Updates:

Adviser Updates

Publications and Documents:

Publications and Documents

 

Business Succession Planning:

Business Succession Planning

Need for Succession Plan

Need for Asset or Buy/Sell Strategy

Need for Liability or Key Person Strategy

Negotiating a Succession Plan

 

Simple Succession Plan:

Simple Succession Plan

 

Complete Succession Plan:

Complete Succession Plan

Strategy

Financial Needs

Insurance Funding

Retirement Funding

 

One Page Strategy:

One Page Strategy

Asset Needs

Liability Needs

Personal Needs

Who Pays the Premiums?

Valuing the Business

Simplifying the Valuation Issue

Equity vs. Loan Capital

 

One Policy Strategy:

One Policy Strategy

Flexibility

Dual Role of Personal Cover

Dual Role of Debt Red'n Cover

Security & Tax-Effectiveness

Cost Savings

Pre-Agreed Purchase Price

Apportionment of Premiums

Methods of Aggregation

 

Multiple Policy Approach:

Multiple Policy Approach

Super Fund Ownership

Tax Disadvantages

Cost Disadvantages

Other Disadvantages

Geared Premium Funding

Super Buy/Sell

 

One Page, Two Policy Strategy:

One Page, Two Policy Strategy

 

Other Issues:

Tax Deductibility

Inadequate Insurance Proceeds

Vendor Finance

Changing Needs

Future Growth of Equity

Trauma Buy/Sell Strategy

 

Sole Proprietors and Families:

Sole Proprietors and Families

Overview

Family Ownership

Sale Strategies

Third Party Buy/Sell Strategies

Estate Equalisation Strategies

Family Buy/Sell Strategies

Second Generation Strategies

Debt Reduction Strategies

 

 

 

The “One Page Strategy”


The “One Page Strategy” is designed to help identify and address your:

 

Procedure

The “One Page Strategy” helps you and your Adviser to:

  • Design a comprehensive one page Business Succession Plan that addresses Asset, Liability and Personal Needs at the same time (during meeting);

  • Determine the amount of insurable risk involved in a worst case scenario (during meeting);

  • Determine the premium cost of insurance required to address the worst case scenario (after meeting);

  • Prioritise what risks should be addressed within a premium cost affordable and acceptable to you (after meeting); and

  • Arrange the preparation of a Business Succession Agreement (after meeting).

 

Risk Analysis Worksheet

The "One Page Strategy" uses a Risk Analysis Worksheet that is a convenient method of analysing your financial needs on one page.

 

Examples

There are a number of examples of the Risk Analysis Worksheet here.

Changes Over Five Years

Click here to see a Risk Analysis Worksheet that demonstrates a typical change in the needs of a Proprietor over five years.

Complete Death TPD and Trauma

Click here to see a more comprehensive Risk Analysis Worksheet that has been completed for Death, TPD and Trauma for a typical scenario.

Explanatory Notes

Click here to see a copy of the Risk Analysis Worksheet that contains Explanatory Notes with respect to each component of Need.

 

Any Number of Needs

It is not necessary for each Business Person to have all of the Needs in order to derive a benefit from the One Page, One Policy Strategy.

The Strategy will benefit most Business People who have any two or more of the Needs.

 

The “One Policy Strategy”

Once you have identified your Needs, you can aggregate your Insurance Cover onto One Policy ( the One Policy Strategy).

The One Page, One Policy Strategy is an alternative to the traditional “Multiple Policy Approach”.

 

 

Copyright: Ian Gray Solicitor

 

 

Adviser Tip

The One Page Strategy is designed to help you simplify Succession Planning.

It helps you understand your needs, it helps you quantify them, it helps you cost them, and it helps you prioritise them.

Once you have designed your initial Succession Plan, keeping it up-to-date is as simple as changing the One Page Summary in your Business Succession Agreement.

See more Adviser Tips

Current Marketing Schedule

Current Marketing Schedule

Ian Gray travels to most capital cities regularly throughout the year and is available for Meetings.

Please click here to see his availability in Brisbane, Sydney, Melbourne, Adelaide and Perth.

Please contact us to arrange an appointment or teleconference.