Financial Planning
Asking the Right Questions
Family success naturally evolves, in large part, from economic success. We educate and guide our clients in the process of wealth preservation and transfer and we help ask and answer the tough questions, such as:
- - What will happen to the fruits of my hard work?
- - How much will my children need? How much will help? How much might hurt?
- - Will my family be able to competently manage and share the assets that I leave them without conflict?
- - Is it a good time to spend more or less?
- - What kind of a lifestyle will I be able to afford in the future?
A systematic and professionally tailored approach, without any pressure, will help you find the answers to your specific challenges.
Estate Planning
Comprehensive Estate Planning Review
We conduct a comprehensive overview and analysis of the client's current estate planning tools and strategies, including wealth transfer vehicles, liquidity planning, pre- and post-retirement planning, health coverage and long-term care; consideration of alternative wealth transfer goals and strategies.
Wealth Transfer Opportunities and Strategies
We evaluate existing and alternative strategies, and help our clients think through their priorities and goals for their children and other beneficiaries. We develop innovative tools and unique trust structures to meet the needs of our clients and their families.
Family Wealth Transfer Plan
The creation of the Family Wealth Transfer Plan helps to serve as the family road map for values based planning objectives. A timeline is developed along with the necessary activities to implement the estate plan and we collaborate closely with the family attorneys and other advisors in its establishment.
Insurance Review and Analysis
We analyze life insurance options as part of the Family Wealth Transfer Plan. The use of life insurance is often considered when wealth is concentrated in illiquid assets such as real estate, privately owned businesses and restricted concentrated stock positions. In addition, life insurance can be instrumental in providing liquidity for closely held business owners in buy-sell arrangements. We assist in analyzing options in structuring the proper way to own and purchase life insurance for the various risks insured.
Asset Protection & Risk Management
Risk Analysis
We perform an analysis of the current family legal ownership structure, planning objectives, current insurance coverage and related costs.
Risk Management Strategy
We assist legal counsel in identifying appropriate asset protection strategies and restructuring legal ownership of "high-risk" assets (e.g., sole-proprietor business activities) to minimize any contingent risk exposure.
Implementation and Oversight
Once an asset protection strategy is identified, it will be integrated with the business strategy or estate plan in terms of its design. We provide assistance to legal counsel in implementing the plan and establishing the structure. We can also provide annual or quarterly monitoring of corporate governance requirements for compliance purposes.
Family Office Services
Our Affiliate, First Foundation Bank, can provide a complete family office suite of services. Learn More
What We Offer
