Each month we drill down into one of the techniques we use most
often with high net worth clients and families.
We talked about
details as well as how to explain the concept to a client in a way that
helps the clients really understand the benefits of moving forward. Archived: 2011
In this presentation we’ll be looking at the problem
seen in many large estates - The lack of liquidity to deal with estate
equalization and liquidity for areas such as estate taxes and charitable
funding.
Many of our clients have significant private businesses or
extensive real estate holdings that represent a large percentage of the
family wealth. There is often a large shortage of liquidity to deal with the
division of these illiquid assets among family members as well as pay any
estate taxes that may be levied on the estate. Of course if estate taxes do
need to be paid there is a limited window when money can be raised and often
times this means selling property at a less than opportune time.
In
this session we will look at various designs for creating liquidity.
In this session we will be looking at two
actuarially-based estate planning solutions that can be very powerful in the
right situations.
Both of these solutions depend on careful analysis
of life expectancy. We will be looking at the advantages of using actuarial
firms to develop life expectancy profiles and show you how InKnowVision has
used those profiles to help deliver superior results to our high net worth
clients.
This infrequently used technique can be very powerful
when working with high net worth clients.
We will look at a couple examples where InKnowVision has used this structure to create
significant income and estate tax savings and paired this technique with
wealth replacement trusts in order to deliver full value to the family.
In this presentation we will explore how to present the concept to
clients and also take a look into the variables that go into the ultimate
calculation.
Over the last several years InKnowVision has
worked with several of their high income earning clients to incorporate
captive insurance planning inside of their overall estate and wealth plans.
Captives can be used to create income tax deductions, create wealth
accumulation for a transitioning business owner and even act as a wealth
transfer tool. We will be looking at some of the details you need to know to
successfully market, design and implement this technical and powerful
concept to a qualified client.
Over the last several years we’ve developed an interesting strategy that
involves making a significantly impactful gift to charity as well as helping
our wealthy families reduce taxes to the lowest amount possible.
This
alternative to a TCLAT can be very attractive in the right situation. Join
us to see how the idea might be useful for your high net worth clients.
