Family Wealth Planning

A comprehensive wealth management process with short and long-term strategies is essential to determine the necessary steps you need to take to achieve your financial goals for you and your family. Our Family Wealth Planning Group works with individuals, families and family businesses to address unique and often complex wealth management needs.

If you have wealth approaching or exceeding $5 million, you face complex decisions related to ensuring long-term financial security.

Our services Include:

Advanced Planning
Charitable Planning
Education Funding
Estate Planning
Family Business Consulting
Income Tax Consulting
Insurance Planning
Succession Planning

Estate Planning

We develop sound strategies for estate planning, retirement planning, educational planning and the use of trusts to safeguard and protect your assets.

Our tax professionals have estate planning expertise, however, do not sell any products in support of our family wealth planning services. We work hand-in-hand with you to help you achieve your goals.

Estate planning is a process, not an event. We have taken great care to develop an effective process to ensure your financial health. Our five step process includes goal setting, data analysis, plan design and implementation and monitoring.

Without effective succession planning, a business may be sold or merged upon the business leader’s retirement. Often, this is not the intent of the business leader or family, and can result in power struggles, family quarrels, damage to the business and damage to family relationships in addition to countless other issues. Our estate planning services take a proactive approach to your financial future.

Business Succession Planning

Our succession planning follows a process that is customized to each client, and includes:

Contingencies for an untimely death or incapacitation of key family managers
Subordinate roles, responsibilities and career paths
Ownership percentages
The emotional issues involved in family succession
Strategies to keep the business interest ahead of the family interest

Comprehensive Planning

As a financially successful individual, you face the same complex decisions regarding your personal financial matters even if a family business is not involved. Often, your assorted advisors act independently without one true common objective. At Brown Smith Wallace, we act as your quarterback to facilitate, coordinate and orchestrate a comprehensive approach to your personal financial planning activities.