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Planning bright futures together with clients is something we genuinely enjoy. However, in some very unfortunate cases, we know from the outset that the work is intended to bring closure to their affairs. 

This particular client had a past history of cancer, and updated her insurances several years ago after the birth of her child. A few years later the cancer came back with particular aggression, giving her just months to live. Reviewing her financial affairs was now urgent.

We took a detailed look at the family’s finances to work out what steps could be taken to optimise their situation, including how to ensure her disability and life insurances were paid out in the most tax-effective way. Asking a client to sign paperwork on their deathbed is not pleasant; however, the swift action saved this family $95,000 in tax. 

After our client passed, her bereaved husband and young child returned to their native New Zealand, able to start their lives anew without the stress of undue financial pressure.

For more information on WLM Financial's insurance advice and our single-team approach to help you across your entire financial life: business and personal, accounting and financial planning click here. Or contact us if you would like assistance with your 2019/2020 personal or business tax returns here.

Click here, if you would like to meet with our financial planner to discuss your financial plans and create an investment plan to achieve your financial goals.

Or if you would like to read up on the latest financial insights and news including updates on the latest Federal Government Coronavirus measures and how these may affect your business finances then click here.