Current Position
Create a personal balance sheet/net worth statement, including an inventory of financial assets and liabilities
Review of all debt instruments and other forms of asset commitments
Current and forecasted cash flows, including all sources of income and expenses

Insurance Planning
Determine the adequacy of life, disability and health care policies currently in force through comprehensive needs analysis
Review of property and casualty insurance policies, including auto, homeowners, and umbrella liability coverage policies, currently in force for adequacy and appropriateness
Work with your existing insurance professionals to develop cost/benefit analysis for improving insurance coverage

Income Tax Planning
Review of prior-year tax returns to increase our understanding of your historic tax planning position
Create current-year income tax projections, if required, and the identification and suggestion of tax planning opportunities
Forecast of future income tax brackets

Investment Planning
Create a current equity portfolio evaluation using specific benchmark indices
Develop a customized asset allocation model based on your current situation, tax bracket, goals, and most importantly, tolerance for risk
Work with investment managers regarding diversification of highly concentrated, low cost-basis positions, if applicable

Stock Option Planning
Collaborate with tax preparers, investment managers, and others, as required, to assist you in the creation of exercise, liquidity, and tax planning strategies relative to employer stock options, if applicable

Lifestyle Planning
Create a custom comprehensive lifestyle analysis projecting income and expenses from all sources for the current year through expected mortality
Develop alternative lifestyle analysis scenarios, if applicable, to meet your goals and objectives
Advise on the disposition and income tax ramifications of distributions from qualified and non-qualified deferred compensation plans

Estate Planning
Estimate of the amount of estate tax due based on current and projected net worth.
Create an analysis of potential estate planning options, including lifetime and testamentary dispositions, charitable planning, and generation skipping planning
Present an evaluation of alternatives that result in limiting, reducing, or optimizing the impact of estate taxes
Verify that adequate liquidity is available within your estate for the payment of estate taxes that cannot be avoided

Business Succession Planning
Analyze potential succession options, including lifetime and testamentary dispositions, sale or installment sale to family or a third party, etc.
Evaluate alternatives that result in limiting, reducing, or optimizing the impact of gift and estate taxes
Discussion of value transfer vs. control transfer and how to handle the expectations of the various parties involved

Implementation
Discuss our analyses with you, including our assumptions, findings and recommendations
Assist you in implementing the actions agreed upon and will collaborate with attorneys, accountants, and other advisors, as necessary

As our clients’ individual needs may be in only one or two areas, we provide component planning as well. We will work with you to ascertain your level of need and work to accomplish your specific goals. In addition to our Financial Planning services, we offer Annual Tax Preparation and Educational Seminars for young adults.

Our fee for services is ultimately based on your individual need and financial complexity. The fee will be set prior to commencement of any client engagement.