What's Your Situation?
Note: These are hypothetical situations to illustrate the ways I have helped clients.
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Situation 1: Retirement
Bill enjoyed his job, but he wanted to make sure he had the resources to retire when he was ready. We quantified his resources and rearranged his assets to provide greater income in the future. The anticipated income would generate taxes, but we offset this impact by investing in a charitable income plan.
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Situation 2: Business Transfer
Susan and her husband needed to understand the financial impact of transferring her business assets to their children. How could taxes be reduced? How could the child who is not in the business be treated fairly? We achieved their goals through the mechanism of a family limited partnership and by discounting gifts.
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Situation 3: Too Busy to Focus
Henry was an important figure with a busy schedule. His wife was concerned that their inattention to details was leading to costly mistakes and missed opportunities. We simplified their investments, changed the allocation and set benchmark targets to achieve each year.
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Situation 4: Executive Confusion
Mark is an executive with a high tech firm. His option plan with ISO and NSO options offered many complicated alternatives. Our model helped to quantify and clarify his option exercise strategy.
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Situation 5: Life Insurance Quagmire
Phil had several different life insurance policies that he had accumulated over the years. Some were owned by him, some by his wife and one by an insurance trust for which they could no longer find the original instrument. We were able to determine which policies were worth keeping and which should be replaced - and how they should be owned to save estate taxes.
in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements.