CLIENT SOLUTIONS

 

Each Case outlines the individual client’s GOALS & OBJECTIVES, along with the SOLUTIONS provided by BDM.

Retirement Plan * Home Loan * Life Insurance * Superannuation

In each case, part of our initial discussion is to establish an understanding of the clients current financial position.

To ascertain “J&J” intentions for the future, we need to complete a Fact Finder.

Goals and Objectives from fact finder:

  • We discussed their intentions to retire in the next 18 months to 4 years.
  • Build a new home and increasing their current liabilities by $400,000.
  • Review the asset division between their company, discretionary trust and joint names.
  • Evaluate their division 7a Loan against their company to the value of $200,000+.
  • Review the worthiness of joint directors and shareholders of their company.
  • Review the family home and investment property portfolio.

J&J” were nearing retirement so it was essential to consider their forthcoming retirement and how best to boost their superannuation balance. As a result of the information contained in the Fact Finder (Assets, Liabilities, Objectives and Goals) we were able to propose a restructuring of ownership of certain entities and assets, combined with a change to how the income from these entities were distributed.

We worked with “J&J” to allow them to maximise their contribution to superannuation and to minimise their tax liabilities. The sale of one of their properties was proposed to enable a sizable non-concessional contribution to superannuation, to enable them to take advantage of the tax free earning environment within a pension fund.

We restructured their lending, to ensure the relevant debt to each individual and entity was clearly defined and in turn provided them with very sharp interest rates. This allowed a clear paper trail of the debt associated with their new home, investment property and business structures.

As part of their contingency planning we reviewed their Income Protection, Trauma, Life and TPD (Total and Permanent Disability) cover, by reducing some of their cover and altering other policies. “J&J” implemented 13 of the 14 points, we proposed.

First Appointment Free

Self Managed Super Fund * Commercial Property * Investment Loans * Asset Protection

In each case, part of our initial discussion is to establish an understanding of the clients current financial position.

To ascertain “D&S” intentions for the future, we need to complete a Fact Finder.

Goals and Objectives from fact finder:

  • Benefits and liabilities of a Self-Managed Superannuation Fund (SMSF).
  • Purchase new business premises through their SMSF.
  • Increasing their superannuation funds to have sufficient funds for a 35% deposit of the commercial property.
  • Increase their Superannuation in the most tax effective way.
  • Review the loan and structure of the Investment Property and Family home.
  • Establish a contingency plan to protect their assets and future income in the event of a sickness or accident.

D&S” had established a Self-Managed Superannuation Fund through their accountant, to purchase a commercial property for their business, we then developed the strategy and loan structure in order purchase their business premises through their SMSF.

In addition, we helped them navigate through the complex rules and regulations relating to superannuation contributions and investments. We devised a strategy to utilise their business equity and restructure their mortgage facilities with a new bank to achieve the most tax efficient outcome. This strategy was outlined to their accountant to ensure it was tax compliant and in the client’s best interest. Upon acceptance we arranged their home loan, investment loan and commercial loan for their SMSF, achieving competitive interest rates and an ideal loan structure.

As part of their contingency planning we arranged “D&S” to set up their income protection, trauma, life and total and permanent disability cover, as a result of their substantial debt increase. This means that the client can have peace of mind that their investments for the future are safe.

First Appointment Free

Self Managed Super Fund * Investment Property * Estate Planning * Life Insurance

In each case, part of our initial discussion is to establish an understanding of the clients current financial position.

To ascertain “S&C” intentions for the future, we need to complete a Fact Finder.

Goals and Objectives from fact finder:

  • Establish a Self-Managed Superannuation Fund (SMSF).
  • Evaluate the benefits and issues with a SMSF.
  • Protecting her income and assets in the event of an illness or injury or death.
  • Review her Estate Planning and review the contingency planning required to address the needs of a disabled child.
  • Protect her assets against potential liability claims from their business, investments and extended family.

It was important “S&C” understood the rules and regulations regarding Self-Managed Superannuation Funds. We worked together with her accountant to ensure that she understood all of the responsibilities of being a Trustee.

We explained to her what options she had for investing within the SMSF and assisted her by providing an investment strategy to meet her objections. We discussed her assets outlined in the Fact Finder and how a Will applies to these assets, plus we outlined her wishes regarding her beneficiaries and disabled child. We provided her sufficient information and documentation to see a solicitor to draw up her Will according to her wishes.

Our contingency and estate planning strategy was review “S&C” life insurance policies to ensure her assets are protected in the event an accident, sickness, disability or death. The measures were made to ensure her disabled child was cared for now and into the future.

First Appointment Free

Divorce Proceedings * Home & Investment Loans * Buying New Home * Life Insurance

In each case, part of our initial discussion is to establish an understanding of the clients current financial position.

To ascertain “CO” intentions for the future, we need to complete a Fact Finder.

Goals and Objectives from fact finder:

  • Buying a new home.
  • Propose a Property Settlement for his impending divorce.
  • Wish to retain his 2 investment property from the settlement.
  • Review loan and structure for investment properties.
  • Protecting his income and assets in the event of an illness or injury.
  • Review his Estate Planning needs and protection for his remaining children.
  • Review his superannuation and establish a new investment portfolio.

We worked with the client to create a list of assets and liabilities and then proposed an asset split to “CO” and his solicitor, that enabled him to retain his investment property and purchase a new home with a 20% deposit. “CO” former wife accepted the proposal, as she still received the same amount of assets, just in a slightly different arrangement.

After nearly a year of uncertainty, Orders were prepared and signed by the parties. We arranged the mortgage/loans for each property and enabled the property settlement to finalise. Using the information from the Fact Finder, we discussed whether or not a Will has authority of these assets, plus outlining his wishes regarding his beneficiaries, which were solely his children, in this case. From the information obtained in our discussion we prepared a documentation for “CO” to take to his solicitor. This prepared “CO for his meeting and gave his solicitor specific information to draw up “CO” will in according with his wishes.

As part of their contingency planning we arranged “CO” to set up their income protection, trauma, life and total and permanent disability cover, as a result of their substantial debt increase. This means that the client can have peace of mind that their investments for the future are safe.

We reviewed his superannuation policy and made sure that his investment portfolio was in line with his risk profile to enable him to achieve a suitable market risk return.

First Appointment Free

General Advice Warning:
The information contained in this website is for general information purposes only. The information is provided by BDM Financial Services and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

Before investing in any product BDM Financial Services recommends that you first obtain a copy of the relevant Product Disclosure Document before making any decision regarding the purchase of or investment in that product or service in order to ensure that it is suitable for your own personal financial needs and circumstances.

Michael Lobodarz, Authorised Representative (no. 256607), Director of BDM Financial Services Pty Ltd ABN 53 115 925 141, Corporate Authorised

Representative (no. 319619) of, The FinancialLink Group Pty Ltd., ABN 12 055 622 967 Australian Financial Services Licensee (no. 240938)