Week $12$

Applicable VLOs or EESs for This Week$$s Case Study

Construct a personal retirement plan in accordance with the steps involved in estate

planning.

ESS:

$$ Communication

$$ Critical thinking & problem solving

$$ Information management

$$ Interpersonal Skills

$$ Numeracy

This Week$$s Detailed Case Study Information

You spot your client, Emily, a vibrant woman known for her love for gardening and her

popular line of organic skincare products. Emily$$s been a client of Capital Gains

Financial Services for over $5$ years, having relied on their expertise to grow her business

and manage her personal finances. She was looking to retire in a year.

Today, however, Emily has a pressing issue. Her business partner and majority owner of

the business, Andrew, passed away unexpectedly, leaving the business assets in limbo$.$

Andrew$$s sudden passing has placed Emily in a dire situation, as the business was not

included in his will, and no succession plan was in place. Emily is now faced with the

task of navigating the situation while trying to keep the business afloat.

Emily$$s business, $$Nature$$s Touch$,$ valued at $$3$ million, reported an annual revenue

growth of $10\%$ and a net profit margin of $15\%.$ Her personal net worth is estimated to be

around $$1\mathrm{.}5$ million, with her annual income from the business being approximately

$$200,000.$ However, the uncertainty surrounding the business assets has put Emily$$s

financial future in jeopardy.

WIL PROJECT

As a team, your task is to help Emily through this difficult time. You need to leverage

your expertise to construct a personal retirement plan for Emily that takes into account

the ongoing situation and the uncertainty surrounding her future income. Furthermore,

you need to guide Emily on the steps involved in estate planning to avoid similar

situations in the future.

Deliverables for This Week$$s Case Study

$1.$ Complete a client profile.

$2.$ Prepare a comprehensive personal retirement plan for Emily that factors in the

current situation and her long$-$term financial goals.

$3.$ Write a detailed report outlining the steps involved in estate planning, tailored to

Emily$$s situation.

$4.$ Record a presentation to educate Emily on the importance of having a succession

plan in place for her business.

WIL PROJECT