Experience shows that legal planning gets little attention when constructing a financial
plan, if any attention at all. Similar to inflation planning, Sky Unlimited believes that legal planning should be an integral part of your financial plan. What do we mean by legal planning?
- Legal planning deals with the framework and terms and conditions of agreements between any parties to a financial transaction. Parties can be business
partners, partners in marriage or family members. A legal plan basically is a set of contingency plans which come into play for instance in case of bankruptcy, divorce, death or other event that has a financial impact.
- Legal planning also covers the area of agreements with the tax authorities, the interaction/legal separation between private and corporate finances, your rights and obligations when your home is subject to the special rules associated with cooperative housing projects (co-ops) or condominiums
- Legal planning also plays a vital safety role when dealing with third parties in the financial field or when dealing with building contractors or other parties in real estate projects.
