Comprehensive Planning Strategies for Business Owners

During the Discovery Meeting, we will thoroughly discuss your business planning goals and objectives, paying special attention to how your business plans affect your personal financial, retirement and estate planning.

• We will carefully coordinate our work with your attorney, CPA, banker and other trusted advisors as you direct us.
  
• We will meet with you and your spouse, business partners or family members, if applicable.
  

Business Agreements: review and recommendations of appropriate buy-sell or business succession agreements to most effectively meet your needs.

• Special emphasis on planning for succession by family members and/or key employees, including estate equalization for children not active in the business.
  
• Evaluation of the current type and structure of your business entity to work toward your succession goals.
  

Life and Disability Insurance Planning Review: analysis and recommendations for business and personal protection.

• Evaluation to determine adequacy of benefits for buy-sell funding, cash flow needs, disability and business operational needs.
  
• Key person protection.
  
• Analysis of policy ownership and beneficiary arrangements to assure proper alignment with business and personal goals.
  
• Review of policies to help avoid common tax traps.
  
• Review of in-force illustrations and evaluation of current policies for adequacy of premium funding and maximization of benefits.
  

Executive Benefits: review of current and recommended benefits for owners and key people.

• Develop efficient strategies for owner’s benefits, such as life insurance, disability, long term care and medical expenses.
  
• Consideration of benefits for key person retention and recruiting.
  

Retirement Planning: review of current and recommended qualified retirement plans.

• Evaluation of adequacy of retirement benefits to work toward your planning objectives.
  
• Development of plan designed with a goal to help maximize your benefits while maintaining overall plan costs within budget.
  
• Evaluation and recommendations of current plan investments, performance and expenses.
  
• Review of current and recommended plan administration to assure proper IRS and DOL compliance.
  

Estate Planning Strategies: review and recommendations of your estate plan.

• Review of your current wills, trusts and other estate planning documents.
  
• Recommendations to bring your estate plan in line with your goals and objectives.
  
• Review and recommendation of strategies  that seek to help reduce estate, gift and income taxes.
  
• Coordination of your business and personal estate planning.
  

Other important planning considerations:

• Asset preservation planning.
  
• Cash management.
  

This information is not intended to be a substitute for specific individualized tax or legal advice. We suggest that you discuss your specific situation with a qualified tax or legal advisor.