How We Can Help You
Wealth Accumulation and Retirement Planning
The objective of wealth accumulation planning is to increase net worth and cash flow while minimizing income taxes. This would typically be accomplished through a combination of creative tax planning strategies.
- Have you done a good job investing your personal, business and retirement plan assets?
- Do you have a good overall investment strategy?
- Do you have the time, training and temperament to manage your own investments?
- Do you sometimes invest without looking at the total picture?
- Could you be paying less taxes without increasing your risk?
Business and Succession Planning
Business planning involves planning for the successful continuation of the business in the event of retirement, death or disability of the owner(s) or key management personnel. This may entail arranging for the sale of the business to family members or to successor management.
- What happens to your business in the event of your death, disability or retirement?
- How will you or your family get money out of the business?
- Will your children want to be involved in the business?
- If your children are not involved, who will ultimately run the business?
- If you sell the business, how should the sale be structured?
- Do you have appropriate salary continuation agreements?
Wealth Transfer Planning
Estate planning concentrates on ensuring the distribution of an estate in accordance with a person’s wishes while minimizing the impact of estate taxes. This is particularly important where the closely-held business is a major asset in the estate and payment of the estate taxes could unnecessarily necessitate the liquidation of the business or other valuable assets or in the inequitable distribution to your heirs.
- Is your will/trust up to date?
- What impact will estate taxes have on your family and business?
- What are the projected estate taxes?
- Is your life insurance program adequate and cost effective?
- Should you consider making gifts to your children?
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