Skip to main content

COLLECTIVE OF PROFESSIONALS

When creating a comprehensive family wealth strategy, it is recommended to consult with a team of professionals who can provide specialized expertise and guidance. Some key professionals to consider including in your strategy are:

1. Wealth Manager/Financial Advisor: A wealth manager or financial advisor can help you develop a customized plan based on your family’s goals, risk tolerance, and time horizon. They can assist with investment management, tax planning, and overall financial decision-making.

2. Estate Planning Attorney: An estate planning attorney can help you create and implement an estate plan to ensure the orderly transfer of assets, minimize taxes, and protect your wealth for future generations. They can also advise on wills, trusts, powers of attorney, and any necessary legal documentation.

3. Tax Consultant/CPA: A tax consultant or certified public accountant (CPA) is essential for addressing complex tax matters. They can assist with tax planning strategies, compliance, and optimizing your family’s tax position.

4. Insurance Specialist: An insurance specialist can help assess your family’s insurance needs and provide guidance on various types of coverage, such as life insurance, disability insurance, long-term care insurance, and liability coverage. They can tailor insurance policies to protect your family’s wealth and mitigate potential risks.

5. Philanthropy Advisor: If charitable giving and philanthropy are an important part of your family’s wealth strategy, a philanthropy advisor can help you align your charitable goals with tax-efficient strategies and guide you in setting up charitable foundations or donor-advised funds.

6. Trust and Estate Administrator: A professional trust and estate administrator can handle the day-to-day management and administration of trusts, estates, and other wealth planning vehicles. They can ensure proper distribution of assets, handle financial matters, and adhere to legal and tax requirements.

Remember that the specific professionals needed for your family’s wealth strategy may vary depending on your unique circumstances and goals. It’s important to work with trustworthy and experienced individuals who understand your needs and can collaborate effectively to create a comprehensive plan.