MNE3701
Assignment 6 Semester 1 2025
Unique Number:
Due date: 23 May 2025
QUESTION 1
1.1.
Mr Davids avoided several common mistakes in estate and ownership transfer planning, as
shown in the case study. Here are six actions he took to prevent those pitfalls:
1. He did not delay his estate planning. Unlike many business owners who put it off,
Mr Davids started working on his estate and ownership transfer plan three years
before his death, even though he was in good health at the time.
2. He involved professionals in the process. Mr Davids regularly met with estate and
tax planning advisors. These professionals helped him make informed decisions and
avoided legal or financial mistakes.
3. He communicated openly with his family. Mr Davids, with help from the advisory
board, organised discussions with his children and other family members. This helped
everyone understand the goals and ensured they were part of the planning process.
DISCLAIMER & TERMS OF USE
Educational Aid: These study notes are intended to be used as educational resources and should not be seen as a
replacement for individual research, critical analysis, or professional consultation. Students are encouraged to perform
their own research and seek advice from their instructors or academic advisors for specific assignment guidelines.
Personal Responsibility: While every effort has been made to ensure the accuracy and reliability of the information in
these study notes, the seller does not guarantee the completeness or correctness of all content. The buyer is
responsible for verifying the accuracy of the information and exercising their own judgment when applying it to their
assignments.
Academic Integrity: It is essential for students to maintain academic integrity and follow their institution's policies
regarding plagiarism, citation, and referencing. These study notes should be used as learning tools and sources of
inspiration. Any direct reproduction of the content without proper citation and acknowledgment may be considered
academic misconduct.
Limited Liability: The seller shall not be liable for any direct or indirect damages, losses, or consequences arising from
the use of these notes. This includes, but is not limited to, poor academic performance, penalties, or any other negative
consequences resulting from the application or misuse of the information provided.
, For additional support +27 81 278 3372
QUESTION 1
1.1.
Mr Davids avoided several common mistakes in estate and ownership transfer
planning, as shown in the case study. Here are six actions he took to prevent those
pitfalls:
1. He did not delay his estate planning. Unlike many business owners who
put it off, Mr Davids started working on his estate and ownership transfer plan
three years before his death, even though he was in good health at the time.
2. He involved professionals in the process. Mr Davids regularly met with
estate and tax planning advisors. These professionals helped him make
informed decisions and avoided legal or financial mistakes.
3. He communicated openly with his family. Mr Davids, with help from the
advisory board, organised discussions with his children and other family
members. This helped everyone understand the goals and ensured they were
part of the planning process.
4. He prepared his successors early. His son and daughter were given
management roles with real responsibilities, which helped them gain
experience and get ready to take over the business.
5. He included his spouse in planning. His wife, who co-owned the business,
joined board meetings and supported the estate planning work. This ensured
both owners were on the same page.
6. He had a strong board to hold him accountable. The advisory board did
not just meet but also made sure Mr Davids followed through with estate
planning. They asked important questions and helped guide the process to
avoid future problems.
1.2.
The board of directors played a very important role in helping Mr Davids’s
construction company continue successfully after his sudden death. Their
Assignment 6 Semester 1 2025
Unique Number:
Due date: 23 May 2025
QUESTION 1
1.1.
Mr Davids avoided several common mistakes in estate and ownership transfer planning, as
shown in the case study. Here are six actions he took to prevent those pitfalls:
1. He did not delay his estate planning. Unlike many business owners who put it off,
Mr Davids started working on his estate and ownership transfer plan three years
before his death, even though he was in good health at the time.
2. He involved professionals in the process. Mr Davids regularly met with estate and
tax planning advisors. These professionals helped him make informed decisions and
avoided legal or financial mistakes.
3. He communicated openly with his family. Mr Davids, with help from the advisory
board, organised discussions with his children and other family members. This helped
everyone understand the goals and ensured they were part of the planning process.
DISCLAIMER & TERMS OF USE
Educational Aid: These study notes are intended to be used as educational resources and should not be seen as a
replacement for individual research, critical analysis, or professional consultation. Students are encouraged to perform
their own research and seek advice from their instructors or academic advisors for specific assignment guidelines.
Personal Responsibility: While every effort has been made to ensure the accuracy and reliability of the information in
these study notes, the seller does not guarantee the completeness or correctness of all content. The buyer is
responsible for verifying the accuracy of the information and exercising their own judgment when applying it to their
assignments.
Academic Integrity: It is essential for students to maintain academic integrity and follow their institution's policies
regarding plagiarism, citation, and referencing. These study notes should be used as learning tools and sources of
inspiration. Any direct reproduction of the content without proper citation and acknowledgment may be considered
academic misconduct.
Limited Liability: The seller shall not be liable for any direct or indirect damages, losses, or consequences arising from
the use of these notes. This includes, but is not limited to, poor academic performance, penalties, or any other negative
consequences resulting from the application or misuse of the information provided.
, For additional support +27 81 278 3372
QUESTION 1
1.1.
Mr Davids avoided several common mistakes in estate and ownership transfer
planning, as shown in the case study. Here are six actions he took to prevent those
pitfalls:
1. He did not delay his estate planning. Unlike many business owners who
put it off, Mr Davids started working on his estate and ownership transfer plan
three years before his death, even though he was in good health at the time.
2. He involved professionals in the process. Mr Davids regularly met with
estate and tax planning advisors. These professionals helped him make
informed decisions and avoided legal or financial mistakes.
3. He communicated openly with his family. Mr Davids, with help from the
advisory board, organised discussions with his children and other family
members. This helped everyone understand the goals and ensured they were
part of the planning process.
4. He prepared his successors early. His son and daughter were given
management roles with real responsibilities, which helped them gain
experience and get ready to take over the business.
5. He included his spouse in planning. His wife, who co-owned the business,
joined board meetings and supported the estate planning work. This ensured
both owners were on the same page.
6. He had a strong board to hold him accountable. The advisory board did
not just meet but also made sure Mr Davids followed through with estate
planning. They asked important questions and helped guide the process to
avoid future problems.
1.2.
The board of directors played a very important role in helping Mr Davids’s
construction company continue successfully after his sudden death. Their
