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Receipt of a large sum of money is a great opportunity to plan your financial life for the long term.
Comprehensive planning can help strengthen your financial, tax, and estate savings.
Comprehensive planning can strengthen your financial, tax, and estate savings.
We ask specific investment questions so you can be confident you have the right answers.
Frequently Asked Questions
Determine the value of your business or asset. Put your financial statements in order. Boost your sales. Pre-qualify your buyers. Get business contracts in order.
At our firm, we can advise you on how these important variables will help you take advantage of tax savings when selling your business, and how best to invest the profits to ensure your long term financial security.
Develop an exit plan. Create a personal financial plan. Formalize a buy-sell succession plan.
At our firm, we analyze these and other important variables that will help you determine the available funds for your retirement income needs.
Consider using the alternate valuation date six months after the death of the person giving the inheritance in cases where that will reduce your tax liability. If you’re anticipating an inheritance from a family member, consider placing it in a trust prior to death to limit tax liability or even confiscation by the government in some cases. Minimize distributions to lower tax liability. Consider donating some of the inheritance to lower your tax burden.
At our firm, we can discuss and advise on tax-saving options based on your asset sale or inheritance.
Create a legal document to ensure the payment of debt by the buyer. Determine needs versus wants. Keep a personal financial balance sheet. Start an emergency or rainy day savings fund.
At our firm, we can discuss and advise to these and other options, based on your specific situation.
Open a bank account. Invest in stocks or bonds. Create a personal pension fund. Buy an annuity. Buy a life insurance policy to “pay it forward” to your beneficiaries.
At our firm, we assess factors like inflation, market risks, and lifestyle needs that will help you determine where to best put your money,