Exit Planning

Exit Planning

Proper comprehensive advance planning around your personal and professional goals and objectives will enable you to come up with a solid succession plan and accommodate the needs of your family members as well as your clients.

Understanding the strategic options for exiting your business can help extend the value of your business and its legacy, while preserving the wealth generated for your future.

Some basic strategies to consider include:

  • Keep it in the Family
  • Management Buyout
  • Employee Stock Owndership Plan (ESOP)
  • Outside Sale


February 3, 2020Admin

Estate, Gift & Trust Planning Considerations: Planning Before the 2020 Elections

If you: • have an estate of $1,000,000 plus, • are using annual exclusion gifting to fund insurance premiums in an irrevocable life insurance trust (ILIT), • have grantor trusts, including rolling GRATs, or any other trust strategies, • are front-loading 529 contributions for children or grandchildren,

January 31, 2020Admin

Key Provisions of the SECURE Act of 2019 Affecting You as an Individual

In December 2019, Congress passed, and the President signed into law, the SECURE Act. This landmark legislation, (which stands for Setting Every Community Up for Retirement Enhancement Act), may affect how you plan for your retirement. Most of the provisions go into effect in 2020, which means now is the time to consider how these new rules may affect your tax and retirement-planning situation. Here is a look at some of the more important elements of the SECURE Act that may have an impact on you as an individual taxpayer. The changes in the law might provide you and your family with tax-savings opportunities. However, not all of the changes are favorable, and there may be steps you could take to minimize their impact.