This post in the first in our series, Your Challenges, Our Solutions, where we shall address some of the common inquiries that come from our clients and how our services address them.
Challenge 1: I have been able to build significant assets through the years. How can I best pass them onto the next generation while maintaining sustainability even when I am long gone?
Our estate planning solutions are structured to suit your unique circumstances. As individuals envision new ways to steward their wealth amid rapid change, crafting a strategy to transfer, protect and distribute wealth is often a challenge. Whether you are an entrepreneur trying to figure out a succession plan for your business or a new parent/grandparent considering transferring wealth to your children or grandchildren, our customized approach involves working with you to come up with the most suitable estate plan for you which might be a Will-based or a trust-based estate plan.
Challenge 2: My family owns property that we inherited from our grandparents. The title to the property is in a few family members’ names. How can we ensure that there are proper succession structures for this property so that it stays in the family for generations?
Our trust services help our clients to preserve family property for future generations. A trust is a fiduciary relationship in which one party, known as a trustor, gives another party, the trustee, the right to hold title to property or assets for the benefit of a third party, the beneficiary. The right trust, managed by the right professionals ensures that family wealth is properly secured for future generations. Establishing a suitable Trust structure requires careful consideration, consultation, and planning. We work with clients to draft documentation that establishes and administers their Trust to ensure robust succession planning across generations.
Challenge 3: Due to my unique circumstances, I think I may need to appoint a representative to represent me in the event of incapacity.
Our incapacity solutions help clients manage risks that may arise from incapacitation. A Power of Attorney is an estate planning tool that allows you (the principal) to appoint a person (an agent) to make decisions in case of temporary or permanent incapacitation. With robust incapacity planning solutions in place, you will have the benefit of having proper structures to guide decision-making and succession planning in the event of incapacitation.
Challenge 4: I have philanthropic ambitions. I have been giving to causes that matter to me but I want to put in place a more sustainable structure to help me achieve my charity goals as part of preserving my legacy.
We work with individuals and families to help them realize their personal charity goals. Selecting the right charitable vehicle can be challenging. We work with you to draft and prepare relevant documentation to implement your initiative while instituting best practices for your philanthropic vehicle. Structures we help set up include; charities/foundations, endowment funds, crowdfunding trusts, community trusts, and other related structures.
How can we put such solutions to work for you? Contact us.
