Once you’ve planned your financial future, you can sit back and enjoy the journey. We’ll teach you to balance work and leisure and to make smart choices with your money.
Business Succession Planning
Succession planning will streamline the process during a change of leadership or ownership in your business. It often involves recognizing internal employees who merit career advancement and training them to assume new roles within the company. These plans only work if companies take the proper steps necessary to prepare.
We can help business owners design and implement a succession plan that will protect everyone’s interests when an owner or a partner retires or otherwise exits the business. Often these plans are funded by a cross purchase agreement, which outlines how ownership shares will get divided or purchased by the remaining partner. Our specialists can help educate you and determine the best plan for your business.
Asset Preservation Strategies
You have worked hard to build a substantial nest egg and want to leave a legacy for your loved ones or other causes. Taxes, lawsuits or other unforeseen events can sometimes derail even the best plans. As you approach your retirement years, it’s essential to have a plan in place to preserve your wealth to fund your retirement, pass it down to future generations, or meet other objectives.
High net worth individuals need a strategy in place to protect and preserve their assets. Many times this can be a solution as simple as some type of insurance product. Trusts are also often established to minimize estate taxes that can deplete assets that your children or grandchildren receive as part of your estate plan. Many clients want to implement a philanthropic strategy as well.
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