Family Wealth Transfer

Transcription

1 Family Wealth Transfer

2 It can be difficult. Creating and growing significant wealth is hard. Likewise, the process of preserving and stewarding assets for you, your family, and your charitable priorities can be equally challenging. With added complications like taxes, complexity, lack of time, family conflict, myriad risks, and conflicted advice it s a wonder anyone is able to manage the estate and wealth transfer process. It s a balancing act. First, you want to remain confident regarding your own financial security. Second, helping family now and when you are gone may be important. The question is, how do you do so in a way that provides family the maximum benefit yet still encourages heirs to achieve all they can? Finally, for some, giving back to worthy charitable causes, their community, and those that helped them along the way may be equally important. The challenge is implementing an estate plan that increases the likelihood that lifetime gifts and bequests perpetuate your values and improve society. When estate planning has a sound structure: you leave a legacy, instill your values, and provide resources to loved ones in a responsible and efficient manner that make a real difference to your community and causes. When the planning is poorly structured: you may find your hard-earned assets are unnecessarily taxed, squandered by charities or loved ones, exposed to lawsuits or creditors, or even worse, create substantial family conflict and enable risky and indulgent behavior.

3 Protecting Family Wealth S ct u r t ures & Strateg ie s & Val ue sion i V s Family Conflict Shortage of Time Family Wealth Conflicted Advice Complexity Taxes Financial Risk

4 It requires active oversight & proactive advice. We understand that estate planning is not easy. It is not an exact science. And, it s not your day job. In fact, by the time most people have the knowledge and experience necessary to manage complex wealth transfer strategies, it is too late. Savant Family Wealth Transfer helps families of significant wealth preserve, protect and transfer wealth. The Savant Wealth Transfer Team provides guidance, perspective, and experience to manage the complexity associated with wealth transfer. We have worked first hand with individuals and families who have achieved significant financial and family success. It is our goal to guide you and your family by leveraging the wisdom and experience we ve gained by helping others.

5 1 Determine what s important 2 Assess default estate plan Ideal Futures Wealth Transfer Process SM 3 4 Design Ideal Futures Wealth Transfer Plan SM Implement and coordinate wealth transfer plan 5 Review progress and determine next steps Our proprietary Ideal Futures Wealth Transfer Process SM helps formalize your values, vision, goals and priorities. We inventory your assets and assess your default estate plan. We then help design optimal estate planning and wealth transfer strategies to minimize tax. We propose asset protection techniques to protect you from external risks. Proper legal and trust structures protect your family, perpetuate your values and encourage future generations to pursue their ideal futures. Charitable trusts and insurance structures help mitigate taxes, facilitate the transfer of assets to heirs, and allow you to accomplish important philanthropic aspirations. Often family wealth is concentrated in a private business. Effective business succession planning can eliminate unnecessary taxation, provide business continuity and protect heirs who lack your business expertise. We preserve, protect, and transfer wealth.

6 It requires help, start to finish. At Savant, we Help you implement all aspects of your estate and family wealth transfer plan. Serve as your personal CFO and lead your team of Savant advisors, outside professionals, and financial product and service providers. Act as your legal concierge by coordinating your legal needs with qualified outside counsel. Prepare or coordinate your tax planning and tax preparation needs. Research and help you secure appropriate life insurance and banking products with outside parties. Serve as corporate trustee or provide administrative support and counsel to family members performing this role. Provide evidence-based, diversified investment strategies that are risk-balanced, tax and cost efficient.

7 Our interests are always aligned with yours. It results in peace of mind. Savant serves you as a fiduciary. This makes us very different from other advisors who earn commissions or sell products. We do not draft legal documents. We are not a bank. We do not sell insurance. What we do offer is deep technical expertise, a personal relationship, and valuable expertise gained by working with many families of significant wealth. Simply put, we coordinate the implementation of your wealth transfer plan in an independent, efficient, and seamless manner.

8 With an effective and well structured plan that incorporates your goals and desires, you and your loved ones will have a peace of mind from knowing your wealth will be well stewarded. Savant s highly experienced legal, tax, investment, and financial planning team is committed to your success. We want to be a part of helping you build your family s ideal future. Savant Capital Management is a Registered Investment Advisor. Savant s marketing material should not be construed by any existing or prospective client as a guarantee that they will experience a certain level of results if they engage in the advisor s services savantcapital.com investments financial planning tax wealth transfer