To provide expert advice and consulting on a broad range of strategic planning issues while emphasizing objective review, full discussion, the minimization of complexity, and prompt delivery of all services.
Expertise and Service Offering:
Advanced strategy and planning for owner/manager and professional corporation remuneration and retirement.
This area of focus encompasses review of corporate structures to enhance retirement, while simultaneously identifying potential opportunities for tax savings and deferral. The structures employed include advanced life and critical illness insurance strategies, pension planning, and supplemental retirement planning including Retirement Compensation Arrangements (RCAs).
Advanced benefits consulting
We can design tailored and tax-efficient benefit programs providing superior benefits, including elder care, to owner/managers, professionals, executive groups and larger groups. In particular, we bring specific actuarial expertise to the table in constructing these plans.
Business Succession and Family Business Planning
This is perhaps the most critical area of strategy and planning today, and it often involves deploying advanced insurance concepts. I have extensive experience in this area, as do the lawyers I work closely with—and we have provided solutions to a wide range of businesses, including farming, manufacturing, services and professional corporations. The critical element in this area of focus, as with all of our service offerings, is the ability to communicate clearly, minimize complexity and thus foster a process of objective review and discussion.
Estate planning begins with a thorough review of a client’s Will, Powers of Attorney and Business Will; but must not stop there. As part of the comprehensive review process, tax issues are identified, including any buy-sell complications owing to “stop-loss” rules. Estate equalization strategies are also a critical element in planning which requires unfettered discussion between all interested parties. This process, while critical in the corporate planning environment, is equally important in non-corporate contexts such as family farming.
Charitable giving isn’t just good for the soul; it is good for the bottom line. I have worked with an expert consulting firm in this area for many years, and am able to access proprietary software to clearly identify the tax benefits of charitable giving. Strategies in this area of focus often involve gifting of securities and existing life insurance or purchasing new coverage for philanthropic purposes.
We have the ability to create funded or non-funded executive retirement, critical illness and benefit programs on a tax-effective basis, all of which serve to enhance executive morale and retention.