Concentra can be retained to act as your member’s agent to administer various financial duties. Your member defines the degree of control they wish to exercise and Concentra is responsible for the day-to-day completion of transactions. Regular reporting provides the member with the details of all transactions and investments made.
Personal Administration Accounts
Your member may wish to consider a personal administration account if:
They travel extensively.
They wish to maintain independence and retain control of their assets.
Deteriorating health inhibits their ability to manage their own affairs.
Concentra can provide:
Safekeeping of assets.
Collection of income.
Payment of bills and expenses, including income tax installments.
Carrying out investment transactions.
Filing income tax returns.
Can be used in conjunction with an Enduring Power of Attorney.
Farm Administration Accounts
Your member may wish to consider a farm administration account if:
They have inherited farmland and have no desire or intention of farming.
They currently own farmland, wish to retire and their family is unable or unwilling to take over at this time.
They currently own farmland and wish to travel extensively.
Under a farming situation, Concentra can:
Carry out the contractual and legal responsibilities associated with farming.
Place insurance on land and buildings.
Arrange for rental or lease of property and buildings.
Monitor crop production.
Collect and distribute farm income.
Confidentiality & Privacy
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