They are families and business owners. They are investors with individual needs and varied goals. They are just like you.
Additional asset factors: Stock option plan, profit sharing plan, investment portfolio current value: $425,000.Two homes, appraised values: $500,000 and $250,000.The inventory in his wife’s antique store.
Challenge: Create detailed overview of the couple's financial picture. Plan for ambitious retirement goals. Maximize tax benefits. Establish trusts and estate plans, especially with regard to transfer of assets to heirs. Secure insurance for long-term care and life.
Challenge: Appraise homes and furnishings, liquidate where necessary. Invest to prepare for children’s higher education in the event their father does not meet those responsibilities. And invest to cover her desire to return to University, complete her education and become an attorney.
Challenge: Establish succession plan for business; create trusts for children; preserve assets for grandchildren; help formulate plan for philanthropic legacies.
Challenge: Preserve assets. Help an unsophisticated individual understand the complexities and dangers of windfall wealth. Set up investment plan to provide for the family, their education, their retirement, the future of their children.
Challenge: Preserve assets. Plan for structured growth and expanding responsibilities. Distribute capital funds for new building as required.