- Millennial Sales Manager-Owner at Chemical company & Spouse
- Faced with a sudden transition to business ownership and immense corporate and financial complexity
- They were looking for someone to simplify, educate and provide decision-making guidance
- Discussed personal values, financial attitudes and goals. Gathered all the corporate and personal financial and legal history and documents
- Professional analysis from our corporate reorg planning partner revealed a simpler corporate structure and family trust opportunity for estate planning. Worked with their accountant and lawyer to implement.
- Cash flow planning was done to ensure a comfortable transition while they built their dream home and transitioned their current home to a rental property.
- Wealth accumulation plan put in place within their holding company to optimize tax and maximize cash flow available for investments in new business acquisitions, real estate, and stocks.
- Pre-scheduled, “”no-stone-left-unturned”” planning check-ins put in place 3 times a year to make continuous progress and improvements.”
- Ensured that over $2M (and growing) does not become immediately taxable in case of the couple’s death through the use of a family trust.
- Negotiated with insurance carriers to ensure that the buy-sell agreements were funded with the proper amounts of life insurance.
- A plan to build their dream home.
- A clear plan for wealth accumulation and protection for the over half a million of dividend income they were suddenly positioned to receive.
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- Peace of mind knowing that there’s a plan in place, options are constantly being evaluated and having one person who sees the big picture and is helping coordinate all the moving parts so everything is always in-sync
