Creating and Growing Wealth
- Appropriate investments
- Adequate and cost-effective life insurance
- Current liabilities that address your liquidity issues
Protection and Preservation of Wealth
- Investment portfolio without regard to advisors, making sure it is reflective of your current situation, goals and feelings
- Adequate, appropriate and cost-effective insurance program
- Investments appropriate for your tax sensitivity level
Distribution of Wealth During Life in the Most Tax Advantageous Way
- Qualified retirement plan or IRA considering the investment side and the distribution plan; if you have incentive stock options, we discuss the vesting schedule on these options and the plan to exercise these options; if you own a business, we discuss key business succession plan issues
- Naming your durable power of Attorney or successor trustee of a revocable living trust in case of incapacity
- Gifting to children and descendants including UGMA’s/UTMA’s, 529 Plans and other gifts such as Family Limited Partnerships and Grantor Retained Annuity Trusts
- Charitable gifting with appreciated securities and the use of a pool of funds kept intact such as donor advised funds and private foundations
Distribution of Wealth at Death in the Most Tax Advantageous Way
- Titling of assets: Does Joint Tenants with Right of Survivorship makes sense?
- Who is your executor or trustee? Is lack of continuity an issue?
- Distibuting wealth at death to spouse and descendants for both tax efficiency and control issues
- Charitable inclinations at death for both tax efficiency and control issues