Reference no: EM133246909

After analysing their personal circumstances, prepare a limited Statement of Advice (50A) to John and Samantha. Ensure that you summarise their current estate planning and insurance positions, outline the potential risks and losses they are exposed to. Identify suitable estate planning strategies to address their existing risks and justify these to the couple. Justify and explain the types of insurance cover you would recommended to cover their risks and the amount of cover you would put in place. It is expected that you will explain the various policy features as well as typical exclusions likely to be experienced and also discuss the merits for and against holding their various personal insurance policies within their superannuateon funds including the tax implications of the cost of the premiums. You are not required to recommend specific policies. Explain how insurance can be used to fund business succession making sure to identify and explain the issues involved eg who pay for the insurance as well as CGT and FBT consequences. The limited 50A should contain a Covering Letter addressed to the couple detailing the purpose and general content of the report and a Table of Contents.