Split Dollar, Executive Bonus Plans
Many wealthy individuals should consider a split-dollar insurance. It may be private, or a private non-equity collateral assignment gifts to an ILIT (irrevocable life insurance trust), and more. To avoid estate taxation, some insured individuals name a child, spouse or other beneficiary as the owner of the policy.
Tax Reduction Strategies
This is a critical part of estate planning because you want to ensure that you receive every dollar possible now, and in the future.
Trust and Titling Issues
Trusts, Titles, and Wills allow YOU to help control how you will be remembered, and when, where, how, and who gets your assets after you are gone. This will make it easier on your loved ones.
A buy/sell agreement is a contract between two or more business owners that outlines the terms of ownership transfer in the event that an owner retires, divorces, becomes disabled or dies. Provisions in any buy/sell agreement also should address the possibility of bankruptcy or loss of a professional license and should be based on a mutually agreed upon market value of the business.
Fringe Benefit Audits and Reviews may potentially help to reduce or better the cost of such benefits as Health, Dental, Life, and Disability Insurance. A review of your current 401K, 403B, Pension, Bonuses, TPA's, and other Insurance Investments may allow you to better the financial situation for both yourself and your employees.