Our Focus
Family Office & Affluent Families
Affluent families and family offices rely on specialists to manage their investment portfolios; however, we have found that many family offices and affluent families neglect to have the professional oversight of what may also represent a sizable portion of the estate, their trust owned life insurance (TOLI) policies. Our firm is dedicated to providing objective and effective advice in the implementation and management of life insurance to meet the unique needs our affluent and family office clients. Specific examples include:
- Charitable Planning
- Family Office Key Person Coverage
- Management and Review of Existing Insurance Portfolio
- Multi-Generational Estate Planning
- Trust Owned Life Insurance or TOLI Solutions
- Wealth Preservation Planning
Closely Held & Family Business
Family and closely held businesses represent around 80% to 90% of all business enterprises in the United States and only a little more than 30% of these firms will survive into the second generation (according to Joseph Astachan, Ph.D., editor, Family Business Review). Our firm works closely with the owners, executives, shareholders and their advisors aiming to insure that the unique business succession and liquidity issues that these enterprises face are identified and managed appropriately. An example of a few of these strategies include:
- Benefit Planning Strategies
- Corporate Key Person Disability and Life Insurance
- Including Private Equity and Venture Capital Transactions
- Shareholder/Buy-Sell Agreements
Executives & Public Company Shareholders
Executives and Public Company Shareholders face unique planning and liquidity needs. Our firm works closely with the management and executives of these companies in order to mitigate restricted stock liquidity issues and to provide executives with the income replacement and liquidity needed to help meet their financial needs. Planning techniques include:
- Corporate Key Person Insurance
- Estate Liquidity for Restricted Stock Positions
- Income Replacement Planning
- Wealth Preservation Planning