FPC005 Estate and Succession Planning - Case Study

Question 1: Discussion, Analysis and Questions

Using the case study, analyse Sonya and Charles’s estate planning and business succession risks and needs.

1. Identify and separate seven (7) or more estate and succession planning risks and issues into sections (using headings). Appropriate headings would be the key areas of their estate and business succession needs.
2. Present your answer by using each heading to provide a discussion of your analysis along with possible strategies to meet their needs.
3. Use your analysis to develop a list of questions that you would ask Sonya and Charles. Your answer should be presented as a heading and discussion, followed by the list of six (6) or more questions you would ask for the 7 risks and issues you have discussed in part 1. Your questions should relate back to the case facts for each estate and business succession area.