Protecting and Preserving Wealth

We discuss overall investment portfolios to make sure asset allocations and diversification is managed appropriately. We discuss overall insurance programs including Life, Disability, Long Term Care, and Liability to make sure the programs are adequate, appropriate and cost effective. We discuss overall tax sensitivity management with their investments. 

Planning for the distribution of wealth during life in the most tax advantaged way

 We discuss qualified retirement plans or IRA from the investment side and the distribution plan; If there are incentive stock options, we discuss the vesting schedule on these options and the plan to exercise these options; if you own a business, the business succession plan; not as a CPA or Attorney but discussing those issues and bringing in the other advisors as appropriate. We discuss who the durable power of attorney or successor trustee of a revocable living trust is in case of the incapacity – again not as a CPA or an Attorney, but simply discussing their issues and bringing in their other advisors as appropriate. We discuss gifting to children and descendants including UGMA’s, Section 529 prepayment of tuition and college savings plans; other gifts such as family limited partnerships or Grantor Retained Annuity Trusts – not as a CPA or Attorney, but discussing the issues and bringing in other advisors as appropriate. We discuss charitable gifting for both tax efficiency and control.  We discuss charitable gifting with appreciated securities and the use of pool of funds kept intact such as donor advised funds and private foundations. 

Planning for the distribution of wealth at death in the most tax advantaged way

 We discuss the titling of assets and whether Joint Tenants with Right of Survivorship makes sense – again not as a CPA or Attorney, but discussing the issues and bringing in their other advisors. We discuss who their executor or trustee is and whether a lack of continuity is an issue. We discuss their plan to distribute wealth at death to spouse and descendants for both tax efficiency and control issues (direct distributions vs. pools of funds kept intact) – not as a CPA or Attorney, but to discuss the issues and bringing in their other advisors as appropriate. We discuss their charitable inclinations at death for both tax efficiency and control issues (direct distributions vs. pools of funds kept intact).