Integrated Succession Plan and Will Preparation

The success of every business is dependent on the present and future leaders of the organization.

It is important to select the right individuals and form their career development plans, aligned with the future aspirations of the organization. Planning a successor, however, can be a challenging task in a family office.

PersonalCFO assists the family to bridge communication gaps and uncover future leaders who will continue the family’s business legacy and train them to take on the responsibilities of the organization. We provide the right direction and chalk out the strategy for families to assist them in creating an effective succession plan to ensure business continuity.

• Advise on business succession strategies.
• Support family wealth education.
• Advisory services on mentoring closely-held companies
• Executor role as family associates

One of the greatest advantages to having a will is that you can choose who will receive what from your estate. Without a will, your estate is subject state laws of “intestacy.” That means the people you would like to benefit may receive little or nothing, while others with whom you’re not as close receive the bulk. A Will is the only way to ensure that your wishes will be carried out.

Writing a Will allows you to decide who will oversee and manage distribution of your estate. Designating a trustworthy and impartial Executor provides peace of mind that the terms of your Will will be honored.

• Modeling, Strategy & Coordinate Implementation
• Coordinate Document Drafting with Legal Advisors

Transfer of wealth to successive generations requires an understanding of their family dynamics. We will work closely with you to understand your long term goals, asset transfer ambitions and current planning. We can then create a strategy to achieve your objectives, minimize taxes and establish efficient asset transfers to ensure your legacies are maintained across generations

Once a plan is put in place, PersonalCFO will review it periodically as goals evolve and tax laws change.

• Review your existing estate planning documents.
• Integrate your estate plans with tax, investment, business and insurance planning.
• Identify the most beneficial trust structures for your particular needs.
• Trust formation and management
• Use tax-efficient wealth-transfer strategies.
• Carry out your philanthropic goals.

• Trustee or Co-Trustee.
• Executor or Personal Representative.
• Guardian or Conservator.