After building an initial estate plan, a husband and wife with a $40,000,000 net worth still had a significant amount of assets exposed to taxation. They wanted to reduce their tax exposure. Their poor health eliminated life insurance as an option to create liquidity to help pay for estate taxes. Solution: Through a combination of life insurance on their three adult children and legal structures, we were able to: Transfer assets with little or no estate or gift tax Maintain i

A family owned precious assets that they didn’t want to sell to cover a sizable estate tax bill. Life insurance provided a liquid source of readily available funds to pay the estate tax bill. However, the family did not want to pay premiums out-of-pocket with after tax dollars and trigger gift taxes. Solution: We designed a premium finance solution that: Eliminated the out-of-pocket expense Created an opportunity to keep valuable assets on their balance sheet earning a return

A large, privately-held business was managed by family members; however they did not have an established, funded succession plan in place. Additionally they owned an extensive real estate portfolio that was not appropriately or adequately insured. Solution: We helped create an interfamily succession and key person insurance solution using a Captive Insurance Company. In addition, during the risk management review process, we discovered that some of the properties were expose

A family business worth $70,000,000 was run by CEO who is a non-family member. The CEO’s skill and expertise has helped grow the business and continues to generate year over year increases in revenue and profits. The family was concerned about the impact on the business if the CEO left, became disabled, or died. Solution: We created a comprehensive plan that: Cost effectively transferred the liability of the CEO’s salary to an insurance company if the CEO became disabled Prot

Successful professional services firm valued at $10,000,000 with 4 partners did not have a formal business succession plan in place. Lack of a plan exposed the firm to financial hardship and legal awkwardness. Solution: We designed a cost effective plan that: Provided the legal framework to protect the partners and the business in the event of death, disability or early exit of a partner Created a funding solution using insurance to guarantee the success of the plan Improved

A couple in their late 50s spent the last 5 years caring for an aging parent. They did not want their children to have a similar financial or emotional burden. The cost of care spent down a sizable amount of assets and eroded the family’s financial legacy. Solution: We successfully helped them use long term care insurance to: Cost effectively transfer the liability of providing in-home or residential care from their family to an insurance company. Preserve their family’s fina