BUILDING A BUSINESS TRANSITION PLAN
BUILDING A BUSINESS TRANSITION PLAN
“How can I use my family-owned business to create a legacy for my kids and grandkids?”
Solutions incorporated: Establishing a family foundation, estate planning, annual gifting.
Our team – a family-owned business ourselves – originally started working with a local business owner and his family more than 50 years ago. At that time, they turned to us for help building their personal and business resources through a tax-efficient portfolio. The growth of their business had them thinking about setting up the next generations for success.
The Solution
Because we had already cultivated a decades-long relationship with our client and his children and grandchildren, we already had a good understanding of their priorities and values. First, we worked with them to create a charitable foundation, which we partner with them to help manage. We mapped out the eventual sale of the business and collaborated with accountants and attorneys to develop estate planning and gifting strategies that would provide for the family well into the future.
This case study of a real Zeidler Group client is for illustrative purposes only. Specific outcomes may vary and are not guaranteed.
HELPING WOMEN NAVIGATE LIFE’S TRANSITIONS
HELPING WOMEN NAVIGATE LIFE’S TRANSITIONS
“What can I do to feel more confident in my financial future without my spouse?”
Solutions incorporated: Account consolidation, retirement planning, cash management
When a 65-year-old client with two adult children suddenly lost her husband, she approached us with concern for her financial future. With piles of unfamiliar paperwork in front of her and the grief of losing her spouse, she didn’t know what to do or how to support herself moving forward.
The Solution
Our team prioritizes clients beyond their financial planning needs. In her moment of distress, we met our client at her home to help review her physical and digital files to organize and uncover information on insurance policies, retirement plans, annuities and investment portfolios. We worked with her to create a comprehensive financial plan. We developed an annual budget incorporating a charitable giving strategy that was both tax-efficient and helped reduce risk in her portfolio. This gave our client the confidence to move forward, feeling informed and educated about her financial future in an uncertain time in her life.
This case study of a real Zeidler Group client is for illustrative purposes only. Specific outcomes may vary and are not guaranteed.
MITIGATING TAXES THROUGH ESTATE PLANNING
MITIGATING TAXES THROUGH ESTATE PLANNING
“What steps can I take now to avoid a large estate tax bill for my kids?”
Solutions incorporated: Estate plan review, family limited partnership, trust services
A woman nearing retirement came to us with concern about her estate plan. She realized when mapping out her assets that she would be passing on a large estate tax bill to her son.
The Solution
We invited her in to meet with our estate planning experts to conduct a comprehensive estate plan review. Our analysis indicated that unless we acted fast, her son would be responsible for a multimillion-dollar tax bill upon his mother’s passing. Working in partnership with our client’s attorneys, we were able to form both a family limited partnership and a gift and note sale. We also set up a dynasty trust, which enabled us to reduce her future estate’s tax liability by millions of dollars and allowed her to proactively plan for her family’s future. In addition, we worked with her to create an annual gifting schedule that enabled her to provide for her grandchildren and nonprofit organizations across the country. Ultimately, with our resources and expertise, we created a plan that incorporated several strategies to reduce the otherwise imminent tax bill.
This case study of a real Zeidler Group client is for illustrative purposes only. Specific outcomes may vary and are not guaranteed.
CREATING A THOUGHTFUL RETIREMENT PLAN
CREATING A THOUGHTFUL RETIREMENT PLAN
“How can I retire early while still living the lifestyle I want?”
Solutions incorporated: Goal planning, investment management, cash and savings management
When a 45-year-old radiologist came to us with specific retirement and lifestyle goals, our team was here to help. His priority was to retire at the age of 60 and wanted to make sure he had enough assets to live comfortably the rest of his life.
The Solution
First, we sat down with him to understand the bigger picture of the lifestyle he was imagining for him and his children. Together we determined that he would need at least $4 million in his investment portfolio at the time of retirement to accomplish these goals. We created a 15-year savings plan that provided guiderails for saving a specified amount per year based on a very conservative annual rate of return. Each year our client contributed according to plan. Although our client isn’t quite ready to retire yet, he will do so one day knowing he has a comprehensive plan in place that’s been designed with his best interests in mind.
This case study of a real Zeidler Group client is for illustrative purposes only. Specific outcomes may vary and are not guaranteed.