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Adviser Tips:
Adviser Updates:
Publications and Documents: Site Map:
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Site Map:
The Complete Succession Website is divided into 11 main sections. Each section is listed in the grey menu bar under the "Complete Succession" logo on each page. You can go to the front page of each section by clicking on the heading in the grey menu bar on any page of the Website. Once you are inside a section of the Website, all related pages within the section are listed in the vertical menu in the maroon left-hand column on each page. Set out below is a complete listing of the different pages within each section. Each black heading below is a hyperlink to the relevant page.
Introduction
1. Business Succession Planning This Section focuses on the strategic and commercial issues with respect to Business Succession Planning. 1.1 Overview: Need for Asset or Buy/Sell Strategy Need for Liability or Key Person Strategy 1.2 Types of Succession Plan: Simple or Complete Succession? 1.3 Designing a Complete Succession Plan: Strategy (The Relationship Between Business and Personal Needs) Financial Needs ( "The Three Needs") Insurance Funding (The “One Page, One Policy Strategy”) Retirement Funding ("Voluntary Events") 1.4 The "One Page Strategy": Simplifying the Valuation Issue 1.5 The "One Policy Strategy": Dual Role of Debt Reduction Cover 1.6 The "Multiple Policy Approach": 1.7 Super Buy/Sell: 1.8 The "One Page, Two Policy Strategy": 1.9 Valuation Issues Simplifying the Valuation Issue 1.10 Tax Deductibility: 1.11 Inadequate Insurance Proceeds: 1.12 Changing Needs: 1.13 Trauma Issues: 1.14 Sole Proprietors, Family and Agri-Businesses: Third Party Buy/Sell Strategies Estate Equalisation Strategies
2. Taxation Implications of Policy Ownership This Section focuses on the taxation of Insurance Proceeds and the implications for different methods of Policy Ownership. 2.1 Overview: Taxation Implications of Policy Ownership 2.2 CGT Implications of Policy Ownership: 2.3 Different Types of Policy Ownership: 2.4 Ownership Implications for Buy/Sell Cover: Implications for Buy/Sell Cover Deemed Dividends under Self-Owned Buy/Sell Arrangements Tax Treatment of Self-Ownership Agreements 2.5 Ownership Implications for Debt Reduction Cover: Implications for Debt Reduction Cover 2.6 Implications for Subsequent Distributions of Insurance Proceeds: Implications for Promises to Distribute Insurance Proceeds to Third Parties 2.7 Commercial Debt Forgiveness Implications: 2.8 Super Fund Ownership of Insurance Cover: 2.9 Alternative Methods of Aggregating Different Cover onto One Policy:
3. Business Succession Agreements This Section focuses on the different types of Business Succession Agreement that address the commercial and tax issues involved in Business Succession Planning. 3.1 Overview: Business Succession Agreements 3.2 Different Types of Business Succession Agreement: Deemed Dividends under Self-Owned Buy/Sell Arrangements
3.3 Benefits of Trust Agreement: 3.4 Drafting of the Trigger Events: Put and Call Options vs. Conditions Precedent 3.5 Pre-Agreement of the Purchase Price or Valuation after Trigger Event: 3.6 Legal Strategies for Inadequate Insurance: 3.7 Legal Strategies for Trauma Buy/Sell Arrangements: 3.8 Debt Reduction Agreements: 3.9 When Drafting of Agreement Needs to Start:
4. Clover Law Legal Fees This Section sets out and explains the Legal Fees for Clover Law Documentation and Services. 4.1 Fixed Legal Fee Policy: 4.2 When Drafting of Agreement Needs to Start: 4.3 Fact-Finding Fees: 4.4 Variations of Draft Agreements: 4.5 Initial Agreements Generally: 4.6 Fees with respect to Alternative Agreements: Alternative Business Agreements 4.7 Debt Reduction Agreements: 4.8 Variation Agreements: 4.9 Meetings and Advice: 4.10 Cost Savings Resulting from One Page, One Policy Succession Plan:
5. Adviser Support System This Section sets out and explains the types of marketing and technical support Clover Law provides to Advisers. 5.1 Overview: 5.2 Alternative Licences: 5.3 Training: 5.4 Fact-Finding: 5.5 Adviser and Client Feedback: 5.6 Adviser Tips: 5.7 Adviser Updates: 5.8 Marketing Schedule:
6.Publications and Updates This Section is a guide to Adviser Tips, Updates, Marketing and Technical Publications and Documents used on the Complete Succession Website. 6.1 Adviser Tips: 6.2 Adviser Updates: 6.3 Publications, Documents and Updates: 6.4 Individual Updates (in reverse chronological order) Joe Hockey on the Taxation of Trusts Tax Treatment of Self-Ownership Agreements Vested and Indefeasible Interest Gross or Net Value of Business? Deemed Dividends under Self-Owned Buy/Sell Arrangements ATO's Views on Super Buy/Sell Cover Simplifying the Valuation Issue Simple or Complete Succession?
7. Profile
8. Contact
9. Links
10. Glossary This Section contains a glossary of words used in Business Succession Planning and on the Complete Succession Website.
11. Search This Site |
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.
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