We have advised Marg and Steve for years. They have both worked in the family business for decades, and are coming up on that time where the lure of travel and spending at least less time at work are calling them to wind down their involvement. The business is in good hand with their children having also worked in the business for a long time, and they are now ready to assume the responsibility of continuing the business, not a third generation.
The things we have advised Marg and Steve on amazes even us. From transitioning into full ownership of the business years ago, to minimizing personal tax, to maximising superannuation contributions, to structuring investments within their super funds, to purchase of investment property, to establishing investment portfolios for grandchildren, to estate planning and wills. We are the first person they call when money is concerned, and that is exactly how we like it.
Our suspicion is that Marg and Steve will never fully retire, but having worked for years to put them in a position where they will have the choice is very rewarding.