You know that with significant wealth come both opportunities as well as responsibilities and administrative complexities. As the matriarch or patriarch, you may have particular wishes for how you’d like to share and pass on your wealth, whether to family members or charities you’re passionate about. You want to ensure you can continue to maintain your lifestyle through the coming years while still addressing your personal and professional objectives.
Whatever concerns or wishes you may have, we can provide comprehensive support to help you move toward the future with financial confidence. With expertise in retirement planning, estate planning and charitable planning as well as tax planning, we will work closely with you and your family to ensure all of your wishes are thoughtfully planned for in your holistic wealth management strategy.
As Joan and Bob, both 65, enter their retirement and make updates to their estate plan, they want to ensure their children and grandchildren understand the administrative responsibilities that come with wealth and are prepared to manage it when the time comes. As they consider the legacy they’d like to leave behind, they also wish to leave a significant amount to their preferred charity and to set aside funds for their grandchildren’s education.
To help Joan and Bob address each of their objectives, we would first review their portfolio and comprehensive financial situation to ensure their investments align with their risk tolerance and time horizon. We would then work with them to set up a charitable giving solution such as a donor advised fund (DAF). This would allow them to exercise their generosity in a tax-efficient manner, while also bringing in their children or grandchildren to help with the administration of those funds and gain wealth management experience. We understand the challenge of passing on financial knowledge to the next generation, and will devote time to teach them about investing, financial matters and how to be a steward of wealth.
This case study is for illustrative purposes only. Individual cases will vary. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. Prior to making any investment decision, you should consult with your financial advisor about your individual situation.