Scenario
High-level corporate executive, Fortune 1000 company.
- Age 46, married.
- Three children: all three will begin college within the next four years; one is definitely headed to medical school.
- Annual income: $320,000.
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.
