Case Study sample - Planning For Wealth, Retirement and the Great Beyond

Planning For Wealth, Retirement and the Great Beyond Case Study example
College
Case Study
Finance & Accounting
Pages 8 (2008 words)
Download 0
The paper will also include the budgeting needed for retirement. This will cover the expenses and income after retirement and the plans after retirement. The last part of the paper will involve setting up a will for the owners of the real estate…

Introduction

The case presented represents the family of a mature family. The priorities and needs of such a family have changed. This is evidenced by maturity of the children where two of them are in their twenties and have already been employed and the last one is in adolescent, due to Finish University in three years. The issue of guardian ship is not there. This stage is also marked by peak earnings years and accumulation of many considerable assets. This part requires assessing of the financial status, the personal and life goals and needs and also assessing the priorities of life now.
This report makes a conclusion that life on earth is not guaranteed. Therefore, once one has died, there is the need for the estate to be managed and the property taken care of. This is the sole purpose of the will. The checklist needed in ascertaining a will includes preparation and signing of the power of attorney for the financial affairs and running of the real estate. According to Gray& budd one needs to ascertain whether the will and the power of attorney are up to date. One needs to take steps to ensure protection of the assets bought in the relationship. The will also entails naming the beneficiaries and the alternate beneficiaries of the registered retirement savings pan, the life insurance policies, the pension plans and RRIFs. These should always be up to date. The will also entails the backup executor and the back up power of attorney. All the dependants should be well provided for. ...
Download paper
Not exactly what you need?

Related papers

Case Study: Planning strategies at Kangaroo P/L
The case study involves the labors cost management on the basis of forecasted demands. The demand for the entire period has been grouped into six bimonthly (2-month) periods. Moreover, the for better future budgetary and strategic controls, Kangaroo P/L has also clearly identified specific criterions like working hours, labor cost per hours for normal and overtimes hours, inventory holding cost…
13 pages (3263 words)
Planning for Long Term Wealth Creation
Before borrowing to invest in the stock market, Albert and Nancy should first build an investment plan that clearly documents their retirement goals of savings and income. After identifying the level of income and savings that they require for their retirement goals, the couple can then develop several investment strategies that are potentially adequate in achieving these goals over time, using…
4 pages (1004 words)
Retirement Planning
The purpose of this paper is to discuss the different investment alternatives that I can use to develop a solid retirement plan. The biggest investment that people have is their homes. Despite the falling real estate market that occurred as a consequence of the recession of 2008 homes historically gain a lot of value over time. In 2012 the value of homes in America rose by 5.9% (Humphries, 2013).…
4 pages (1004 words)
Case Study
What decisions does the firm face with continued growth? The company has to decide on how to expand the business but not to operate in their sub sites. The challenge in proceeding with this decision is the fact that finding new sand gravel sites in the new areas is hard because they are Scarce. The Company’s director Frank Wardlaw has found two sites at Celadon owned by the local council.…
8 pages (2008 words)
Personal Retirement
The personal retirement planning is a disciplined and step-by step procedure that ensures a secured future retirement life. Problem Formulation and Determination of Objectives The first step in planning personal retirement is to determine the current and future objectives. For instance, among many options that are available, the most preferable option is the growth in income. On the contrary,…
5 pages (1255 words)
financial planning and wealth management
The World Wealth Report 2013 has been prepared by Capgemini and Royal Bank of Canada jointly. This report shows that 2012 was started with a sluggish beginning with low levels of GDP of most of the economies around the world. However, with efforts from the national governments, economic activities in the world have increased considerably (The wealth report, 2012). Eventually, HNWIs (individuals…
4 pages (1004 words)
FINANCIAL PLANNING AND WEALTH MANAGEMENT
Investing the entire sum of money in a single stock exposes the investor to the risk of that asset. So, in case when the price of that security falls in the market due to any reason, the investor will suffer huge losses. This, risk of concentration of money in a single stock is mitigated through diversification. As per the preliminary interview conducted with a married couple named Kevin and Katia…
12 pages (3012 words)