Wealth Preservation

This category of financial planning solutions supplies our clients with viable techniques and strategies that have the most significant impact on their particular situation.

Estate Planning

A typically misunderstood area of financial planning that can change the current and future lives of those it impacts. Many of our clients, before receiving a clear explanation of this area, were under the impression that only those in the latter stages of life need to address the subject. Add to this the ever changing estate tax laws and it is clear why many remain uninformed on the subject.

Today, estate planning and its impact cannot be understated. In the reality of the 21st Century, the uncertainties we all face show no signs of diminishing. As such, the only way to stay in control of your future is to plan it. The issues surrounding estate planning involve more than just having a will, they are about the designation of heirs, the determination of control, who has that control today and who would have it if the situation were to change, and the transfer of assets. Ultimately, the most significant question of all comes down to estate taxes - who will pay them, how will they be paid and when will the government be looking for them? When the issues are addressed and resolved in advance, you remain in the driver's seat and the preservation of the legacy remains in your hands.

Business Succession Planning

There are about 22 million businesses in the United States today and it is estimated that 90% are independently-owned, family-owned or family-controlled. When asked to assess their business and its longevity, the common response from business owners is "I've got it taken care of." Yet family and small business experts concur that fewer than one-third of these businesses will make it through a second generation and under 10% will survive a third generation of ownership.*

It is our belief and it has been our experience that a sound business succession plan working with a solid estate plan is the most effective solution for preserving assets for the future. Through our proven financial planning process, we can help you determine if these areas of your financial future are working together or are in competition.

^*The Center for Family Business, Northeastern University,1998

Charitable Planning

When you have been fortunate enough to have both professional and financial success, the need to give back to the community becomes more than an act of kindness, it becomes a mission of meaning. With that, we have crafted our wealth preservation efforts to not only allow for significant contribution back to the community, but also to structure that giving in a way that most effectively leverages the tax benefit for you.

As in anything we do in our lives, if we are uninformed we may only act on a portion of a presented opportunity. The same applies to charitable giving. When you and your family are acting on a mission that is meaningful to you, the structure of your giving is the last thing that comes to mind. At PSG, we can help you determine not only the most tax effective manner for giving back to your community but also strategies that may allow you to give more than you ever thought possible.

Whether you are preserving or creating wealth, Planning Solutions Group has the experience, concepts and knowledge that can help make your financial plan and implementation experience last for generations to come.

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