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      11 October 2022 - Successor Director Solution - Avert a Disaster

      If a sole director or “mum and dad” directors pass away, the company they look after can be frozen in time. Usually, the shares of the company pass to the estate for action by the executor BUT this could be delayed by a year or more because of a family provisions challenge, a disaster!

      • If the company is trustee of a discretionary trust, then it is costly as no trust distributions can be completed without a properly working trustee.

      • If it is a SMSF corporate trustee, then the fund has a high chance of being non-complying!

      Join us in this webinar where Grant Abbott will take you through why alternate directors don’t work and how corporate Powers of Attorney are limiting and not as dynamic. He will take you through the solution, along with the LightYear Docs Successor Director solution. Easy to use and a great revenue stream.

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