Estate, Business, and Retirement Planning


Lincoln Hall Stairway © Larry Kanfer

Quality is never an accident. It is always the result of an intelligent effort.

– John Ruskin

Life insurance is a key component of the overall personal financial plan for many business owners, entrepreneurs, professionals, and families.

No other asset can provide what life insurance does: immediate, liquid, certain, tax and creditor free cash, at an unpredictable, but inevitable time.

Life insurance can:

  1. Solve liquidity concerns, prevent forced sale of your assets at death, and enable you to provide equitably for all your beneficiaries upon your death.
  2. Enable business owners to affordably acquire other ownership interests and help preserve the financial security of the deceased business owner’s family.
  3. Solve family financial issues relative to, for example, second marriages, children from different marriages, domestic partners, and other beneficiaries.
  4. Give beneficiaries flexibility to either keep a private company, or sell it on favorable terms.
  5. Allow you to retain control over your assets during your lifetime, while protecting your family and solving tax and liquidity concerns upon your death.
  6. Enable you to provide family with the inheritance you want them to receive, create wonderful legacies for charity, and eliminate tax liabilities.

Beyond basic planning strategies such as marital deduction and annual exclusion gifts, there are three planning strategies that are particularly important for wealthy people to consider:

  1. Valuation Discount Strategies
  2. Charitable Gifts
  3. Life Insurance

Careful planning for affluent individuals should always include consideration of potential life insurance solutions, appropriate for your particular circumstances.