Planning during this stage is generally directed solely toward the increase of revenues. This is the stage where people establish investment accounts, outside business interests, second homes, etc. Often, people at this stage become aware of the tax laws applicable to them, and begin to take direct steps to minimize their tax burdens.
Planning becomes focused on the accumulation of wealth and the reduction of taxes.
People at this stage become aware of how easily they could lose substantial portions of their wealth and they begin to plan to preserve their assets against such losses. Sophisticated wealth preservation techniques become common at this stage. This requires exact procedures that, if done incorrectly, can end up costing you your future. Planning to make wealth available to your family, without blunting the needs of individual members to grow through these stages themselves, requires expertise. Bridgestreet specializes in assisting people who have arrived at the third and fourth stages described above.