When Responsibilities Change
When the person who looks after the family’s finances retires, falls ill or dies, someone else has to step in. It is far easier when what they need is ready beforehand.
What the Next Person Will Need
Each of these is easier to prepare in an ordinary year than in a difficult one.
What the Family Owns and Owes
We keep a current record of the companies, accounts, properties and debts, so the next person starts from facts.
Deadlines
Bills, tax filings and insurance renewals go on a calendar, so nothing depends on one person’s memory.
Who Can Act
We record who holds powers of attorney and signing authority for each company, and where the originals are kept.
A Planned Retirement
Responsibilities are handed over in stages, while the person stepping back can still explain the arrangements.
What the Executor or Attorney Will Ask For
We gather copies of key documents, the list of accounts and the family’s advisor contacts in advance.
Final Tax Returns
We keep the records they need through the year, rather than reconstructing them later.
How We Help
We gather what the next person will need and keep it ready.
One Plan for Your Advisors
Your lawyer, accountant and bank know who to contact and what is outstanding.
Fractional CFO
We set out accounts, cash flow and commitments for the person taking over.
Bookkeeping and Tax Compliance
We keep the books current, so whoever takes over does not inherit a backlog.
Estate Planning
We estimate what the estate may owe and flag which documents to review with your lawyer.
Decisions and signatures stay with the person taking over, the attorney or the executor.
Plan for the Next Person
We can help you gather what the next person will need, before they need it.