The owner of a business in the property industry met with Trilogy to make sure that ‘everything was on track’. Within 30 minutes, Trilogy was able to demonstrate that based on the current structures he had in place, the business, the other companies he had associated with the business, and his succession plan to have his daughter own the business, were all under threat due to a lack of compliance and good business practice.
The business structures he had put in place had been allowed to develop organically, with no decisions being made in light of any larger strategic financial plan. Matters were complicated further with the emergence of a third party that had a 25% interest in the property business, a large personal loan feeding the business, and associated businesses being in his wife’s name.
Trilogy provided advice on restructuring the entire business which included creating a family trust that protected the assets of the property business, enabled a smooth transition for the daughter to own and manage the business, and helped minimise a potentially large capital gains tax liability. The couple’s superannuation account was used in a far more strategic manner, and a series of financial strategies enacted over several years enabled the couple to minimise tax while working within ATO guidelines.
Trilogy discovered a very complex financial arrangement that had overwhelmed its owner. By knowing how the system works and understanding all the legal and compliance issues surrounding business ownership, Trilogy was able to make the existing structure work a lot better for the client while taking away all the risk associated with poor previous management.
If you need to speak with experts about taking back control of your financial future, make the first step and call Trilogy today to arrange a meeting with one of our adviser teams.
Colin, Whenever I’ve needed access to finance, your “Can do, when do you want it by?’ approach never fails. Even if juggling phone calls to / from your hospital bed is required to assist me.
Action way beyond the call of duty! And I’m still afloat.
– Liz Kearney
We are very pleased with the experience and the level of professionalism we received from Colin and staff at Trilogy.
Thank you for assisting us with our financial future and an organised transition to a happy retirement.
– Gordon & Georgina Schultz
Strategies used by Trilogy have allowed us to enjoy a tax effective retirement income, knowing that our farm Succession plans and Estate planning objectives have been put in place and clearly explained and discussed using mind maps on an interactive screen. This has been supported by a joint meeting with our Solicitor and our Trilogy consultant.
We highly recommend the professional Trilogy team who will work with you to realise your retirement objectives.
– Clients from Trentham Cliffs