2. Wealth Strategy Planning Process
• Assess Goals and Identify Options
1 • Custom Plan Design & Illustrations
• Draft Legal Documents & Execute
2 • Funding of Trusts & Other Entities
• Ongoing Administration of Entities
3 • Monitor Plan Performance
3. STEP 1: GOAL SETTING
Distribution Plans Minimize Taxes Risk Management
• Who Gets What? • Income • Creditors
• Strings Attached • Estate & Gift • Divorce
• Timing of Transfer • Property • Liquidity Needs
• Extent • Cash Flow Needs
• Control • Business Continuance
• Income vs. Principal • Family Acrimony
• Charitable Intent • Special Needs
• Business Succession Children
4. Step 1: UNIVERSE OF OPTIONS
Family Strategies Charitable Strategies
Direct Gift, Net Gift Family & Charitable Trusts
Family Trusts Charitable Remainder Trusts
Intentional Grantor Trusts
Generation-Skipping Trusts Charitable Lead Trusts
Insurance Trusts Public Charity
Grantor Retained Annuity Trusts
Charitable Gift Annuity
Personal Residence Trusts
Family LLC and Family Pooled Income Fund
Partnership Donor Advised Fund
Inter-Family Sales and Loans Private Foundation
Business Succession Plans
Supporting Organization
Ownership Structure
Management Compensation
Buy-Sell Agreements
5. Step 1: Custom Plan Design
Your
Goals
Universe
of
Options
Custom Plan