Question

Discuss fundamental principles of wealth planning and explain how income and transfer taxation interact to affect...

Discuss fundamental principles of wealth planning and explain how income and transfer taxation interact to affect wealth planning.

Homework Answers

Answer #1

Principles of wealth planning:

* A mix of portfolios should be invested in such a way to get an advantage of taxation with respect to lower risk and dividend.

* Investment in real estate is a good plan to invest but in the way of govt. approved for the purpose of tax deduction.

* Align family and business interests around wealth-building goals and strategies.

* Capitalize on your family’s combined resources.

* Diversify the investments but with a utmost care with low risk and an ensured return.

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