Advanced Estate Planning

Running head: ADVANCED ESTATE PLANNING
Advanced Estate Planning
Name of the Student:
Name of the University:
Author’s Note:

ADVANCED ESTATE PLANNING
1
Letter of Advice
Nathan and Rebecca Wallace
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Date
Dear Nathan and Rebecca
I would like to extend my greetings to you Nathan and Rebecca and I am thankful to you
that you have considered our services for advising you for your planning process. Our meeting
which was conducted last week was fruitful as I got an insight on the facts of your case, your
current situation, goals and objectives. Such information would provide great assistance in
planning for your estate and the proceeds which you will be deriving from the estate. I would
also like to know whether you have filled the questionnaire which I provided last week as the
same would provide further information regarding your current scenario and also assist me in
providing appropriate recommendations to you. The different questions which are included in the
Questionnaire is aimed to reveal wide range of information regarding you guys. Therefore, it
very imperative that you effectively provide all relevant information for your case.
This letter of advice would be including certain suggestions which would be focusing on
the goals and objectives which you have stated in the fact sheet. In addition to this, the letter
would also include financial projections which would provide you a better understanding of the
financial implications of the advice. Please take your time to read this letter of recommendation
and supporting material carefully to ensure the details are correct and every aspect is considered.
If any details are incorrect or have been omitted, please bring them to our attention prior to our
next appointment. I would also like bring about your attention that this letter would also include
a structure for our fees and commission which should also be considered by you.

ADVANCED ESTATE PLANNING
2
Role of Advisor
I am aware that you are planning to formulate an appropriate plan for your estate. In
addition to this, I also understand that you would be requiring tax implications and different
financial implications regarding the recommendation which is suggested by me. I also would be
informing you that I have appropriate licensing and knowledge of different regulations and
market conditions to appropriately give advice to you guys. In addition to this, my role would be
to provide advise regarding the estate which you have inherited. I would also assure you that we
are registered and are qualified for providing such services and the registration is under
Government of Australia.
Scope of Advice
The advice which would be provided from our end would be focusing on the estate
planning and the same would be considering different types of assets which you possess for the
assessment. From what I am able to understand, the primary goal behind the estate planning is to
effectively secure your family’s future and ensure that the needs of the family is taken care of
effectively. I would be explaining detail implications of the financial aspects of my advice and
how the same would have an impact on you and your plans. In addition to this, I would also
highlight certain limitations which might be associated to the advice provided. It is to be noted
that I would also suggesting alternative actions which can be taken by you. In addition to this, I
would also be highlighting tax implications and other financial implications of the products
which I would be recommended. It is to be also noted that our services would be limited to
advising for estate planning purposes and any activity which is not considered within the aspect
of estate planning would be out of scope of our services.
Current Situation
As per your current scenario, both of you are of 65 years of age and have been together
for last 37 years. The fact sheet also states that you have three children and all of them are
established. In addition to this, you also have two grandchildren who will also be considered in
the planning process. It is also clear that both of you want to retire but need an effective estate
plan which can meet your future needs and help in securing both yours and your children’s
futures. On the basis of the financial information regarding both you are provided shows that