Your new clients, Peter Lee and Karen Low have come to you for some general...
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Accounting
Your new clients, Peter Lee and Karen Low have come to you for some general advice on what to do with their assets and savings in the event of death or relationship breakdown. Peter is also keen to know what might happen to his businesses if he is unable to work.
Required:
1. Prepare a list of the issues raised in this case study that impact on the drafting of a will;
2.Discuss the nature of the advice that you would give to your clients when there are two blended families;
3.Is Peter free to leave any of his children out of the will or would the provisions of the Testators Family Maintenance Act be of concern?
4.Should Peter and Karen have a power of attorney each?
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