|
Wealth Management Services |
|
|
Life & Wealth Management Services include:
Personal Financial Consulting:
- Cash Flow Planning - A fundamental principle of financial planning is the calculation of an individual or family's annual "discretionary cash," the difference between projected cash receipts and projected cash expenditures. We will assist you in preparing realistic cash flow projections for today and the future.
- Education Funding - Rising tuition costs mean families should begin planning for education costs early. Education funding strategies involve income tax considerations and the use of trusts to control assets. Our funding models will help you implement a strategy to meet your goals.
- Estate and Gift Planning - Comprehensive estate planning strives to protect families by minimizing the amount of estate or gift tax paid during your lifetime or at death and directing which beneficiaries receive assets. We work with you and your attorney to ensure your estate objectives are met.
- Income Tax Planning - Cash flow planning, education funding and estate tax planning all have income tax consequences. We prepare tax projections with multiple assumptions for multiple years to help plan and minimize income tax liabilities.
- Retirement Planning - We assist you in retirement planning at various stages of your life. Retirement contribution options, retirement savings plans, stock options and retirement distribution methods are addressed in our retirement planning process.
- Risk Management Counseling - Life insurance and disability insurance are key components in estate and cash flow planning. We address the needs for life insurance planning for illiquid estates and assist in structuring policies to minimize estate taxes.
Family Business Services:
- Continuation of the Business - The development process for management and family succession.
- Conflict in the Family or Business - Aid in the recognition and resolution of family conflicts.
- Concerns About Preserving Assets and Security - Development of a financial plan to provide the senior generation with the security they need to facilitate the perpetuation of the business.
- Working With Non-Family Members - Review of the role, compensation and ownership of non-family members and implement a plan to bind them to the family business.
- Compensation Issues
- Roles and Responsibilities - Development of company policies and procedures to define the roles and responsibilities of family members.
- Estate and Retirement Planning - Development of an estate and retirement plan to meet your and your family's goals and objectives.
- Transfer of Control and Decision Making
- Strategic Planning, Including Business/Operating Plans - Development and implementation of a strategic plan to improve the financial position of the business and to facilitate management and ownership succession.
|
