your plans for
Maintenance and Decumulation >
Business Succession >
Asset Protection and Gifting >
After a basic plan is in place for Retirement, Aging, Estate and Legacy, through our office or elsewhere, then we can help individuals and families explore the more complicated issues of how to control, manage, and coordinate their Wealth Accumulation and Protection, the Business Succession of any of their ownership interests, and their desires to Gift away some assets outright or into a trust.
“I made money the old-fashioned way,
I was very nice to a wealthy relative right before he died!"
- Malcolm Forbes
Are there tools to help me to coordinate my wealth
accumulation, maintenance and decumulation?
An Individual Investment
Do you want a single document that summarizes your goals, fears and realities about investing, that allows all of your financial advisors to clearly have a single definition of your "best interests," and that allows you, especially during emergencies, to have a game plan for how you should make decisions about your wealth accumulation strategy?
Funding a Simple Revocable Trust While You Are Alive
Do you have assets that you might need to fund your retirement, but that should come with an instruction manual either for their maintenance or for how others can enjoy them while you are alive?
Other Revocable Trusts
Do you have other unique assets that you might need to fund your retirement, such as (but not limited to) your house, property you own in a foreign nation, the proceeds of your life insurance policy, any particular antiques or collectables, your firearms, your pets or your livestock, that by law or by preference cannot simply be bequest through your will, or special heirs upon your death, such as (but not limited to) individuals who are not US citizens or who are minors, former spouses, children from earlier marriages or who were born out of wedlock, charities, business entities, spouses of your children you might not trust if they should survive your child, or individuals that you perceive would unreasonably and imprudently spend their inheritance?
How can I integrate my business succession planning?
My Business Interests
Do you actively own or co-own a small business or family business that is a major source of wealth and expected income during your retirement, but where you need a strategy for effectively and efficiently transferring ownership to the right people as you gradually begin to retire or immediately after you might become disabled or die?
What are some of the ways that I can think about
gifting away money, real property and other assets?
Asset Protection from Creditors
Do you have assets you will not need to fund your retirement (other than some of the income they may generate) that you want to protect from unexpected creditors and unexpected law suits so that they can be preserved as part of your legacy?
Asset Protection from
Do you have assets you will not need to fund your retirement (other than some of the income they may generate) that you want to protect from unexpected creditors and unexpected law suits so that they can be preserved as part of your legacy but you want to add another layer of protection from liens imposed by any Nursing Homes should you require institutional long-term care and you apply to the state Medicaid agency for welfare assistance?
Special Needs Trusts
Do you have assets you will not need to fund your retirement and have a child or grandchild that due to a mental disability, will likely never be able to legally own property in his or her own name, so as part of your legacy, you want to gift those assets to a trust that will pay for that person's support?
Other Irrevocable Trusts
Do you have assets you will not need to fund your retirement and are willing to give up basically all control over the assets so that any income generated by those assets will no longer be imputed into your personal gross income (at the state and federal levels) and/or so that their fair market value will not be included in your taxable estate upon death (at the state and local levels) and/or to avoid generation skipping taxes?
Do you have assets you will not need to fund your retirement and that you would like a charity to either receive currently (possibly by retaining an annuity payment from the charity for the rest of your life), or only upon your death (leaving you or others limited enjoyment and benefit from the assets while you are alive)?
Do you have some assets you know you will not need to fund your retirement that you are willing to absolutely and wholly relinquish control over so you can see family members, friends, business associates or charities enjoy the use of, or derive benefits from, while you are alive?
you have never coordinated your strategies before;
your family dynamics have changed;
your current lifestyle has changed;
your goals, fears or reality about WAMD,BS,APG have changed!