Financial and Cash Management Many individuals do not focus on the need to maintain a proper allocation of cash by budgeting cash needs against cash flows. We will work with you and your advisors to develop cash budgets. This will allow you to plan for necessary cash outlays, to have funds available to reinvest or to segregate for liquidity purposes. Without proper planning, the combined estate and income tax could consume the majority of your estate. With proper planning, your estate can grow exponentially by the time it reaches future generations.
Many individuals neglect to periodically review their estate plans.
At a minimum, this should be done when there are tax law revisions or changes in an individual's personal life. Gift Programs - annual, lifetime, generation skipping, tuition, medical payments, etc. We are available to meet with the family to educate them as to the strategies selected, the investment decisions, tax planning and the goals of the family unit. With this type of education and involvement, it will help to unite and pique the interests of all the members of the family and help younger generations to succeed at achieving the family goals. We don't just interpret new law, we develop strategies based upon the current and anticipated changes that will minimize our client's overall tax cost.